About 38 minutes ago, the S&P 500 and Nasdaq Composite were doing well. They were expected to end the week with increases. The S&P 500 saw about a 0.2% increase this week while the Nasdaq gained 0.6%.
However, the Dow Jones was not so successful. It was expected to lose around 0.4% by the end of the week.
About an hour ago, shares of New York Community Bank dropped significantly. This happened after the bank said there were some problems with their control systems. They also announced a change in their leadership.
In Europe, the Stoxx 600, a stock index from Europe, had a 0.4% increase at the beginning of the trading day. Germany’s DAX, another stock index, did even better with a 0.7% increase.
South Korea’s exports increased more than expected in February. This was mainly due to a high demand for their semiconductor chips. Also, Japan’s factory activities decreased fast in February.
In China, manufacturing activities decreased for the fifth month in a row in February. However, a private survey said factory activities expanded.
In India, the economy grew much faster than expected in the October to December quarter.
Some very wealthy investors, like Ray Dalio, think the U.S. stock market is not in a bubble. Computer technology company, Dell, had strong financial results for the last quarter of the year. Their shares increased by 18%.
Vocabulary List:
- increase (noun/verb): To become or make something larger in amount or size.
- decrease (noun/verb): To become or make something smaller in amount or size.
- stocks (noun): Shares representing ownership in a company.
- exports (noun): Goods or services produced in one country and sold to another.
- semiconductor (noun): A solid substance that has electrical conductivity between that of a conductor and an insulator.
- survey (noun/verb): To look carefully and thoroughly at something or someone.
