Stock market today - 10 things to know with detail
- 1. The stock market closed mixed today, with the Dow Jones Industrial Average down 0.1%, the S&P 500 up 0.2%, and the Nasdaq up 0.5%.
- 2. Tech stocks led the gains today, with companies like Apple, Amazon, and Microsoft all seeing gains of over 1%.
- 3. Energy stocks were the biggest losers today, with companies like Exxon Mobil and Chevron seeing declines of over 2%.
- 4. Investors were closely watching the Federal Reserve's decision on interest rates, which were left unchanged at near-zero levels.
- 5. The ongoing tensions between Russia and Ukraine also weighed on investor sentiment, with concerns about the impact on global markets.
- 6. In economic news, the latest jobless claims data showed a decrease in initial claims for unemployment benefits, signaling a strengthening labor market.
- 7. Retail sales data for February showed a slight decrease, but overall consumer spending remains strong compared to pre-pandemic levels.
- 8. The housing market continues to show strength, with homebuilder sentiment reaching a 35-year high in March.
- 9. In corporate news, Tesla announced plans to build a new factory in Texas, which could potentially create thousands of new jobs in the area.
- 10. Overall, the stock market remains volatile as investors navigate uncertainties around interest rates, geopolitical tensions, and economic data.