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Share Market Today - 10 things to know with detail
The stock market opened lower today, with the S&P 500 down 0.3% and the Dow Jones Industrial Average down 0.4%.
Technology stocks were leading the decline, with the Nasdaq Composite down 0.5%.
The drop in the market comes as investors continue to monitor the situation in Ukraine and the ongoing conflict between Russia and Western countries.
In economic news, the Labor Department reported that initial jobless claims fell to 215,000 last week, the lowest level in over 50 years.
Oil prices were also lower today, with Brent crude down 1.2% to $119.76 per barrel.
In company news, Apple announced that it will hold its annual shareholders meeting on March 4th.
Tesla shares were down 2.6% after the company announced that it will temporarily halt production at its Shanghai factory due to a global chip shortage.
Microsoft shares were also down 1.5% after the company announced that it will acquire gaming company Activision Blizzard for $68.7 billion.
In the cryptocurrency market, Bitcoin was down 2.3% to $39,500, while Ethereum was down 3.1% to $2,700.
Overall, market sentiment remains cautious as investors weigh geopolitical tensions, inflation concerns, and corporate earnings reports.