27 Mar 2023 Market Close & Major Financial Headlines: Markets Opened Sharply Higher, Fell to Moderate Levels And Traded Sideways Until The Last hour Where The Three Major Indexes Skyrocket Higher Exceeding Opening Levels
Summary Of the Markets Today:
- The Dow closed up 478 points or 1.22%,
- Nasdaq closed up 0.51%,
- S&P 500 closed up 0.86%,
- Gold $2,212 up $13.20,
- WTI crude oil settled at $82 up $0.07,
- 10-year U.S. Treasury 4.190% down 0.044 points,
- USD index $104.30 up $0.010,
- Bitcoin $68,641 down $1,000 (0.10%),
*Stock data, cryptocurrency, and commodity prices at the market closing.
Click here to read our current Economic Forecast – March 2024 Economic Forecast: A Modest Improvement In Our Index Predicting Little Change In Main Street Growth
Today’s Economic Releases Compiled by Steven Hansen, Publisher:
When asked between February 20 and March 8 to rate optimism about the overall U.S. economy on a scale from 0 to 100, the average rating from CFOs was 60.6, up from 58.1 in the fourth quarter. Optimism about their own firm’s prospects remained higher than economic optimism, at an average of 68.5, up from 67.5 in the fourth quarter.
Here is a summary of headlines we are reading today:
- Western Wind Turbine Manufacturers Struggle to Compete with Chinese Pricing
- Investigators To Examine Whether Dirty Fuel Caused Baltimore Bridge Crash
- Nickel Prices Expected to Drop Further in 2024
- Nissan Unveils New Strategy to Combat Influx of Competitive Chinese EVs
- Baltimore Coal Exports Blocked After Bridge Collapse
- Pump Prices Set to Hit $4 a Gallon
- Dow surges more than 450 points, S&P 500 closes at a fresh record: Live updates
- Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet
- Ron Insana’s new firm aims to bring AI-powered trade ideas to individual investors
- AMC’s stock on pace for biggest gain in a month
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.