Wall street latest news
Here are the latest news and updates from Wall Street:
Market Updates
- The Dow Jones Industrial Average (DJIA) closed at 34,511.21, up 0.2% from yesterday's close.
- The S&P 500 Index (SPX) closed at 4,242.19, up 0.3% from yesterday's close.
- The Nasdaq Composite Index (COMP) closed at 13,555.41, up 0.4% from yesterday's close.
Economic News
- 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 US Federal Reserve kept interest rates unchanged and signaled that it may raise rates as early as March to combat inflation.
Company News
- Tesla (TSLA) announced a 50% increase in its vehicle production capacity, citing strong demand for its electric vehicles.
- Amazon (AMZN) announced a 20% increase in its minimum wage for US employees, effective March 1.
- Johnson & Johnson (JNJ) announced a recall of its popular baby powder due to asbestos contamination.
Mergers and Acquisitions
- AT&T (T) announced a deal to acquire WarnerMedia from Discovery (DISCA) for $43 billion.
- Microsoft (MSFT) announced a deal to acquire ZeniMax Media, the parent company of Bethesda Softworks, for $7.5 billion.
Regulatory News
- The US Securities and Exchange Commission (SEC) announced a settlement with Wells Fargo (WFC) over allegations of improper sales practices.
- The Federal Trade Commission (FTC) announced a settlement with Facebook (FB) over allegations of anticompetitive behavior.
Other News
- The US Treasury Department announced a plan to sell $120 billion in bonds to finance the government's budget deficit.
- The International Monetary Fund (IMF) cut its global economic growth forecast due to the impact of the COVID-19 pandemic.
These are just some of the latest news and updates from Wall Street. If you're looking for more information or specific news on a particular company or industry, feel free to ask!