Share Market Today - 10 things to know with detail
- 1. The stock market opened lower today, with the S&P 500 down 0.3% and the Dow Jones Industrial Average down 0.4%.
- 2. Technology stocks were leading the decline, with the Nasdaq Composite down 0.5%.
- 3. The drop in the market comes as investors continue to monitor the situation in Ukraine and the ongoing conflict between Russia and Western countries.
- 4. In economic news, the Labor Department reported that initial jobless claims fell to 215,000 last week, the lowest level in over 50 years.
- 5. Oil prices were also lower today, with Brent crude down 1.2% to $119.76 per barrel.
- 6. In company news, Apple announced that it will hold its annual shareholders meeting on March 4th.
- 7. 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.
- 8. Microsoft shares were also down 1.5% after the company announced that it will acquire gaming company Activision Blizzard for $68.7 billion.
- 9. In the cryptocurrency market, Bitcoin was down 2.3% to $39,500, while Ethereum was down 3.1% to $2,700.
- 10. Overall, market sentiment remains cautious as investors weigh geopolitical tensions, inflation concerns, and corporate earnings reports.