2024-03-26 19:48:00
Wall Street locked in declines; UPS lost 8%, Arm fell 7.5% | BizPortal
The three main indexes traded higher for most of the day, but finally closed in the red. The Nasdaq fell 0.4%, the S&P 500 lost 0.3%, the Dow 0.08%.
Although the interest rate was left unchanged in the Fed’s interest rate decision last week did not surprise anyone, the markets reacted with declines and this is because the Fed’s target of 3 interest rate cuts during 2024 is getting further and further away. However, senior officials such as Federal Reserve member Lisa Cook say that we are “getting closer to lowering interest rates” – the member of the Board of Governors said in a lecture at Harvard University that the weight of the risks to inflation is too high and the loosening of the labor market is becoming more balanced in the eyes of the Fed, which suggests that interest rates may drop soon.
A short week on Wall Street. Next Friday, Good Friday will be celebrated in the United States and the stock market will be closed. In addition, Israel switches to daylight saving time between Thursday and Friday, so trading will return to normal hours next week.
S&P 500 -0.28% Close: 5,218.19 Open: 5,228.85 High: 5,235.16 Low: 5,203.42 Cycle:– Page Quote News Graphs Composition Performance Index More articles on the subject:
Nasdaq -0.42% Close: 16,384.47 Open: 16,446.85 High: 16,476.38 Low: 16,312.95 Turnover:– Page Quote News Graphs Composition Performance Index Additional articles on the subject:
Dow Jones -0.08% Close: 39,313.64 Open: 39,338.32 High: 39,439.44 Low: 39,277.19 Cycle:– Page Quote News Graphs Composition Performance Index Additional articles on the subject:
BITCOIN -1.77% Base: 70,983 Opening: 0 High: 71,572 Low: 69,257 Return:– Page Quote News Graphs Company Profile Recommendations More articles on the subject:
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Thousands of NIS: 12,833,073
68.26
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Thousands of NIS: 112,161,472
177.67
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Thousands of NIS: 3,352,718
140.26
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Thousands of NIS: 2,391,380
330.01
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Thousands of NIS: 1,412,557
397.63
The data is displayed with a delay of about 15 minutes
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The size of the security cube is determined according to the value of the paper +5% -5% | 03/26/2024
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
“We see high performance in the stock market after interest rate cuts that are not due to a recession” Julius Baer Bank economists: looking at data since the early 1980s, the performance of the S&P 500 index during the 12 months after the first interest rate cut averaged 14.2%.
UPS UNITED PARCEL SERVICE share -8.16% Close: 0 Open: 157.77 High: 157.77 Low: 143.05 Turnover:– to page quote news graphs company profile recommendations additional articles on the subject: fell by 8% after the company revealed its goals for 2026 which included sales of Between 108 and 114 billion dollars and an operating profit rate of over 13%. For comparison, the company brought in about 91 billion dollars in 2023 and the expectations on Wall Street for revenues in 2026 stand at 101 billion dollars.
Novo Nordisk acquires a biotech company for $1.1 billion – according to the company, the deal included an upfront payment plus potential future payments if Cardior reaches certain commercial milestones. Novo did not specify how much of the $1.1 billion will be paid up front and how much is contingent on future progress
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