Stock Market Update: Dow Drops 0.4%; Nike Falls 7%, FedEx Surges 8% | BizPortal – April 2024

by time news

2024-03-22 13:01:00

The Dow is down 0.4%; Nike loses 7%, FedEx jumps 8% | BizPortal

Trading on Wall Street follows a mixed trend in the leading indices after last night’s trading closed in gains. Wall Street indices reached new highs this week, when one of the reasons for optimism in the market may stem from the expectation of three interest rate cuts this year. As of the close of trading last night, the indices rose this week by up to 2.7%.

Among the prominent shares last night was Reddit which jumped 48% after it started trading at a price of $34 and Apple APPLE +0.55% Close:0 Open:171.65 High:172.56 Low:170.06 Turnover:– Page Quote News Graphs Company Profile Recommendations for additional articles on the subject: Sha lost 4% after the US Department of Justice announced that it was suing the company on suspicion of monopoly.

Last Wednesday, the Fed decided to once again leave the interest rate at 5.25% – 5.5%. Markus Allenspach, Head of Fixed Income at Julius Baer Wealth Management Bank, Thinks Powell provided investors with an optimistic scenario: “Fed Chairman Powell provided what the markets were hoping to hear. At the press conference he chaired, he emphasized that he and his colleagues expect three interest rate cuts this year, even though inflation in the US is falling more slowly than they expected.

Powell defended at the press conference a scenario of ‘flawless disinflation’, i.e. a return to price stability without a recession and without higher unemployment rates (his warning from December about the risk of a recession disappeared). The next key point, in our opinion, is the labor market report due on April 5. The meaning of Powell’s reassuring message is that investors can continue to look for higher returns, while investments in risky sectors can also continue to advance in the short term.”

S&P 500 -0.06% Close: 5,241.53 Open: 5,242.48 High: 5,244.56 Low: 5,229.87 Cycle:– Page Quote News Graphs Composition Performance Index More articles on the subject:

Nasdaq +0.02% Close: 16,401.84 Open: 16,387.83 High: 16,419.43 Low: 16,361 Turnover:– Page Quote News Graphs Composition Performance Index Additional articles on the subject:

Dow Jones -0.43% Close: 39,781.37 Open: 39,774.06 High: 39,824.76 Low: 39,592.6 Cycle:– Page Quote News Graphs Composition Performance Index Additional articles on the subject:

BITCOIN -2.2% base:65,489 opening:0 high:66,983 low:62,598 return:– page quote news graphs company profile recommendations additional articles on the subject:

  • Thousands of NIS: 23,635,052

    939.31

  • Thousands of NIS: 12,082,544

    150.99

  • Thousands of NIS: 6,807,191

    124.98

  • Thousands of NIS: 8,765,483

    151.95

  • Thousands of NIS: 1,322,180

    1,371.29

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The size of the security cube is determined according to the value of the paper +5% -5% | 03/22/2024

The BIZMAP system allows the user to see a “general view” of the capital market according to different categories as detailed below. The basic cut that also determines the size of the square is the trading cycle of the security.

Type – a button allows you to determine the type of index or trade on which the cut will be made between the types, there are index TA 25, TA 125 and more.
Shades – allow the map to be shown in colors that are convenient for the user.

Hide value smaller than – you can show the map of the securities whose value is greater as a percentage of the total value in the same category. Clicking on each paper will lead to a detailed graph – the percentages of change and return that appear in each time section are according to the selected range. .

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Macro

A call to open an investigation against Tesla and Elon Musk for violations of government laws – against Musk it is alleged that he used the great power he gained due to his ownership of Tesla and X (formerly Twitter) to promote personal interests at the expense of the interests of Tesla’s shareholders.

Why is the American economy booming despite all the problems? The experts ignored the fact that the technology revolution significantly streamlines economic processes, significantly expands employment and increases consumption, processes that positively affect the American economy.

The US Department of Justice sues Apple for fear of monopoly – The US Department of Justice has filed a lawsuit against Apple claiming that the company has become an illegal monopoly in the country’s smartphone market, which keeps competitors away and limits innovation. According to the lawsuit, the technology giant maintained the monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone manufacturers.

Following a strong forecast: Micron share MICRON TECHNOLOGY -1.31% Close:0 Open:109.31 High:110 Low:107.05 Cycle:– Page Quote News Graphs Company Profile Recommendations More articles on the subject: Jumped yesterday by 14% – after two difficult years of decline In terms of demand for its products, the manufacturer of memory chips beat expectations on the top and bottom lines and published an optimistic forecast for the coming quarter, thanks to growing demand for hardware for artificial intelligence platforms.

Israeliness on Wall Street

Greenberg’s column – Renewable energy: the field that accumulates more and more energy – in recent years, it seems that renewable energy is on the path that will bring about a significant change in the use of sources, and according to estimates, it is on a path of rapid growth. When will it finally replace fossil energy and can the Israeli Enlight screw in the lead.

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