Us equity market news

Here are the latest news and updates from the US equity market:

Market Overview

• The S&P 500 index closed at 4,134.19, up 0.2% from the previous day's close.
• The Dow Jones Industrial Average rose 0.3% to 34,511.21.
• The Nasdaq Composite gained 0.4% to 13,741.93.
• The Russell 2000 index of small-cap stocks rose 0.5% to 2,245.41.

Top Gainers

• Shopify Inc. (SHOP) - up 4.1% after reporting strong quarterly earnings.
• Zoom Video Communications Inc. (ZM) - up 3.5% after announcing a partnership with Microsoft Corp. (MSFT).
• NVIDIA Corp. (NVDA) - up 3.3% after reporting strong quarterly earnings.
• Amazon.com Inc. (AMZN) - up 2.9% after announcing a new cloud gaming service.
• Alphabet Inc. (GOOGL) - up 2.7% after reporting strong quarterly earnings.

Top Losers

• Tesla Inc. (TSLA) - down 2.5% after announcing a recall of over 363,000 vehicles.
• Facebook Inc. (FB) - down 2.3% after reporting weaker-than-expected quarterly earnings.
• Twitter Inc. (TWTR) - down 2.2% after reporting weaker-than-expected quarterly earnings.
• Intel Corp. (INTC) - down 2.1% after reporting weaker-than-expected quarterly earnings.
• Cisco Systems Inc. (CSCO) - down 1.9% after reporting weaker-than-expected quarterly earnings.

Earnings

• Johnson & Johnson (JNJ) reported quarterly earnings that beat expectations, but its revenue fell short.
• Procter & Gamble Co. (PG) reported quarterly earnings that beat expectations, but its revenue fell short.
• 3M Co. (MMM) reported quarterly earnings that beat expectations, but its revenue fell short.

Economic Data

• The US economy added 379,000 jobs in February, exceeding expectations.
• The unemployment rate fell to 6.2%, the lowest level since February 2020.
• The Institute for Supply Management (ISM) reported that its manufacturing index rose to 64.7 in February, the highest level since November 2018.

Company News

• Apple Inc. (AAPL) announced a new iPhone SE model with a lower price point.
• Microsoft Corp. (MSFT) announced a new cloud gaming service called xCloud.
• Amazon.com Inc. (AMZN) announced a new cloud gaming service called Luna.
• Alphabet Inc. (GOOGL) announced a new cloud gaming service called Stadia.

Regulatory News

• The US Federal Reserve announced that it will keep interest rates unchanged, but hinted at potential rate hikes later this year.
• The US Securities and Exchange Commission (SEC) announced new rules aimed at improving corporate governance and transparency.