U.S. Daily Market Review

By X-blogger - on March 1, 2024

The Nasdaq Composite jumped to an all-time peak today, rallying over its 2021 record.

Stocks advanced even as troubled regional bank New York Community Bancorp dropped 25.9% after the bank reported a leadership change and disclosed issues with its internal controls.

In March Wall Street as stocks set new records, boosted by a promising inflation reading and a relentless tech rally.

Amgen and Nike retreated around 2.5% on weekly basis this week alone.U.S. debt is soaring at a massive rate and has shown no signs of slowing down.

The national debt jumped to $34,471,083,238,111.75 as announced by the latest numbers coming from the Treasury Department. That is another gain of around $28.9 billion from the $34,382,148,207,560.53 figure reported the previous day.

Hewlett Packard Enterprise stock prices surged around 2% after fiscal first quarter earnings of 3 cents per share coming over initial forecasts.

In reality, Hewlett Packard registered $6.76 billion in revenue, under the Wall Street forecast of $7.11 billion.

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