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US stocks Withdrew after one day of Federal Reserve It announced the first rate hike since 2008, and China promised support for its real estate and Internet sectors.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| Me: DJI | Dow Jones averages | 34088.79 | +25.69 | + 0.08% |
| SP500 | Standard & Poor’s 500 | 4364.47 | +6.61 | + 0.15% |
| I: COMP | Nasdaq Composite Index | 13444.173132 | +7.62 | + 0.06% |
All three major averages fell in early trading with the Nasdaq Composite advancing 0.5% lower.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| XLF | SPDR Financial Sector Fund | 38.43 | +1.05 | + 2.81% |
| XLE | Defining the Energy Sector ETF SPDR | 71.50 | -0.32 | -0.45% |
Financial stocks led the selling, while energy company names rose.
The Fed raises interest rates for the first time in 3 years
US West Texas Intermediate crude exceeded $100 a barrel, while global benchmark Brent crude reached $105.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| USO | United States Petroleum Fund LP | 68.28 | -0.35 | -0.51% |
| BNO | United STS BRENT OIL FD LP UNIT | 27.04 | -0.28 | -1.02% |
Gas prices fell a few cents to $4.28 per AAA.
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In stock news, the dollar jumped year after increasing its dividend by 31% to $0.55 after it raised its sales guidance for the year. Retailers Williams-Sonoma and Signet Jewelery also rose after strong quarterly results.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| DJ | Dollar General Corporation. | 212.49 | -1.76 | -0.82% |
| WSM | Williams Sonoma Corporation | 157.63 | +5.01 | + 3.28% |
| SIG | Signet Jewelery Limited. | 78.43 | +0.59 | + 0.76% |
Lockheed Martin is co-focusing on reports that the Pentagon may order fewer F-35 fighter jets, according to Bloomberg. On the other hand, Reuters reported that Germany is ordering more US missiles and drones.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| LMT | Lockheed Martin Corporation. | 421.34 | -27.33 | -6.09% |
In technology, Intel has announced that it will invest $100 million in Ohio to advance semiconductor learning, half of which will come from the company and the other $50 million will come through a partnership with the US National Science Foundation. Education funding details come after the company announced in January about it With an investment of $20 billion in semiconductor production in Ohio, in an effort to help alleviate a global shortage of chips that power everything from phones to cars to home appliances. It is the largest private sector investment in Ohio history.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| INTC | Intel Corp. | 46.63 | +1.82 | + 4.06% |
On the economic docket, the Labor Department reported that 214,000 weekly unemployment claims were filed, not much changed from the previous week’s 227,000. Continuing claims, which track the total number of unemployed workers collecting benefits, have fallen to 1.419 million, remaining well below pre-pandemic levels.
The housing data meanwhile came in very strong as homes under construction in February rose 6.8% to a seasonally adjusted annual rate of 1.76 million. That’s up from 1.638 million in January. Future building permits fell 1.9% to 1.859 million in February.
The Philadelphia federal manufacturing activity index for eastern Pennsylvania, southern New Jersey and Delaware also rose to 27.4.
The Federal Reserve will release industrial production data for February.
In cryptocurrencies, Bitcoin has stabilized above the $40,000 level.
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Ken Martin and The Associated Press contributed to this report.
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