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On Friday, March 22nd, U.S. stock markets closed mixed, as the S&P 500 barely changed but recorded its biggest weekly rise of 2024 after the Fed reiterated its plan for three interest rate cuts by year’s end. The Nasdaq saw slight increases, boosted by sustained excitement over artificial intelligence.
In the latest economic updates, Baker Hughes Inc. announced a decrease of 1 in the total count of active oil rigs in the U.S. last week.
FedEx (NYSE:FDX) surged 7.4% after surpassing Wall Street’s profit expectations, while Digital World Acquisition (NASDAQ:DWAC) dropped 13.7% post-approval of its merger with Donald Trump’s tech company.
The Dow Jones Industrial Average declined 0.77% to close at 39,475.90. The S&P 500 was down 0.14%, ending the day at 5,234.18, while the Nasdaq Composite rose 0.16%, finishing the session at 16,428.82.
Asian Markets Today
Eurozone at 06:15 AM ET
Commodities at 06:15 AM ET
US Futures at 06:15 AM ET
Dow futures were down 0.22%, S&P 500 futures slipped 0.21%, and Nasdaq 100 Futures declined 0.30%.
Forex at 06:15 AM ET
The U.S. Dollar Index gained 0.32% to 104.34, USD/JPY was down 0.08% to 151.30, and USD/AUD slid 0.27% to 1.5308.
Photo by Pavel Bobrovskiy via Shutterstock
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