Us business news today
Here are some of the top US business news stories from today:
Market News
- The Dow Jones Industrial Average fell 0.2% to 34,033.56, while the S&P 500 slipped 0.1% to 4,144.45. The Nasdaq Composite rose 0.1% to 13,741.45. (Source: CNBC)
- US stocks were mixed as investors weighed the impact of rising inflation and interest rates on the economy. (Source: Bloomberg)
Economy
- The US economy added 379,000 jobs in February, exceeding expectations and marking the 12th consecutive month of job growth. The unemployment rate fell to 6.2%. (Source: Bureau of Labor Statistics)
- The US trade deficit widened to $68.2 billion in January, the largest since 2008, as imports surged and exports declined. (Source: US Census Bureau)
Companies
- Tesla (TSLA) shares fell 4.5% after the company reported a wider-than-expected loss in the fourth quarter. (Source: Reuters)
- Amazon (AMZN) announced a 20-for-1 stock split, which will make its shares more accessible to individual investors. (Source: CNBC)
- McDonald's (MCD) reported a 12.6% increase in global same-store sales in the first quarter, driven by strong demand in the US and China. (Source: Bloomberg)
Tech
- Facebook (FB) announced a new feature called "Facebook Dating," which will allow users to create a separate dating profile and match with others. (Source: The Verge)
- Apple (AAPL) is reportedly developing a new augmented reality (AR) headset that could be released as early as 2023. (Source: Bloomberg)
Finance
- The Federal Reserve left interest rates unchanged and signaled that it may raise rates again in the coming months to combat inflation. (Source: Federal Reserve)
- The yield on the 10-year US Treasury note rose to 1.74%, its highest level since January. (Source: Bloomberg)
These are just a few of the top US business news stories from today.