Wall street news today
Here are some of the top stories in Wall Street news today:
Market Updates
- The Dow Jones Industrial Average rose 0.2% to 34,511.21, while the S&P 500 gained 0.3% to 4,243.15.
- The Nasdaq Composite climbed 0.4% to 13,741.25.
- The yield on the 10-year Treasury note fell to 1.53%, its lowest level since February.
Earnings
- Johnson & Johnson (JNJ) reported quarterly earnings that beat expectations, driven by strong sales of its COVID-19 vaccine and other products.
- Procter & Gamble (PG) also reported better-than-expected earnings, thanks to strong demand for its consumer goods.
- Coca-Cola (KO) reported a decline in quarterly earnings, citing higher costs and weaker demand in some markets.
Mergers and Acquisitions
- AT&T (T) agreed to sell its WarnerMedia unit to Discovery, Inc. (DISCA) for $43 billion in a deal that will create a new media giant.
- United Airlines (UAL) and its pilots' union reached a tentative agreement on a new contract, ending a months-long dispute.
Regulatory News
- The Federal Reserve announced that it will keep interest rates unchanged and continue to support the economy through its bond-buying program.
- The Securities and Exchange Commission (SEC) proposed new rules to improve the transparency and accountability of hedge funds and private equity firms.
Company News
- Tesla (TSLA) announced that it will raise the prices of its electric vehicles in the United States due to rising costs and supply chain disruptions.
- Amazon (AMZN) launched a new grocery delivery service in the United States, which will allow customers to order fresh produce and other essentials online.
- Facebook (FB) announced that it will change its company name to Meta Platforms, Inc. to reflect its growing focus on virtual reality and other emerging technologies.
Cryptocurrency News
- Bitcoin (BTC) rose 2.5% to $63,000, while Ethereum (ETH) climbed 3.5% to $4,500.
- The price of gold fell 0.5% to $1,850 per ounce, while the price of oil rose 1.5% to $75 per barrel.
These are just some of the top stories in Wall Street news today.