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 ...