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Friday, March 31, 2023
HomeLatest NewsThe Nasdaq scores the best rise of the year driven by the...

The Nasdaq scores the best rise of the year driven by the takeoff of Meta

Date: March 31, 2023 Time: 08:30:09

The New York Stock Exchange reflected on Thursday the optimism generated on Wednesday by the US Federal Reserve (Fed), when it announced a new rise in interest rates, this time by a quarter of a point, to combat inflation . Wall Street has closed mixed, with slight losses in the Dow Jones, and a strong rise in the Nasdaq sponsored by the rise in Meta shares.

Facebook’s parent company has shot up 28% at the end of the session after sweetening the first drop in profits in its history with the announcement of a massive 40 billion stock reward plan, which has lost its shares, and has led the Nasdaq to rise 3.25% to 12,200.82 points. One would have to go back three months to find a similar rise in the index.

At the end of the operations on the Big Apple Stock Exchange, its main index, the Dow Jones, dropped a slight 0.11% to 34,053.94 points, while the selective S&P 500 grew 1.47% and stood at 4,179.76 points.

Among the sectors, the push of communications stands out (which gained 6.74%), followed by non-essential goods (3.08%) and technology (2.78%); on the contrary, the greatest losses are for energy (-2.52%). Among the 30 Dow Jones values, the rises of Microsoft (4.69%) Intel stand out for the second consecutive day (3.85%) and 3M (3.82%); United Health (-5.27%), Merck (-3.29%) and Boeing (-2.52%) close in red.

In other markets, Texas oil fell 0.8% and closed at $75.80 a barrel, and at the end of the trading session gold fell to $1,926.8 an ounce, the yield of the 10-year US bond rises to 3.40% and the dollar gains ground against the euro, with a change of 1,091

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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