Us financial news
Here are some recent and important financial news stories from the United States:
Market Updates
- The Dow Jones Industrial Average (DJIA) closed at 34,511.21 on February 26, up 0.2% from the previous day.
- The S&P 500 Index (SPX) closed at 4,134.19, up 0.3% from the previous day.
- The Nasdaq Composite Index (COMP) closed at 13,543.62, up 0.4% from the previous day.
Economic Indicators
- 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%, the lowest level since February 2020.
- The Consumer Price Index (CPI) rose 0.4% in February, driven by higher prices for food, energy, and housing.
Company News
- Tesla (TSLA) announced a 50% increase in its vehicle production capacity, citing strong demand for its electric vehicles.
- Amazon (AMZN) reported a 21% increase in its quarterly revenue, driven by growth in its e-commerce and cloud computing businesses.
- Johnson & Johnson (JNJ) announced a recall of its popular baby powder due to concerns over asbestos contamination.
Regulatory News
- The Federal Reserve announced a 0.25% interest rate hike, citing concerns over inflation and the economy's recovery from the pandemic.
- The Securities and Exchange Commission (SEC) proposed new rules to improve corporate governance and disclosure requirements for publicly traded companies.
- The Department of Justice announced a settlement with Wells Fargo (WFC) over allegations of mortgage lending discrimination.
Other News
- The US Treasury Department announced a plan to issue a new 20-year bond to help finance the government's growing debt.
- The Federal Reserve Bank of New York reported a surge in demand for cash and coins, citing increased economic activity and a shift to digital payments.
- The National Association of Realtors reported a 6.7% increase in existing home sales in February, driven by low interest rates and strong demand.
These are just a few of the many financial news stories from the United States. If you're looking for more information or specific updates on a particular topic, feel free to ask!