Video News The New York Stock Exchange closed higher on the 17th local time, digesting the results of the Feds FOMC meeting released the previous day. Of course, due to the default problem in Russia, the market, including oil prices and government bonds, fluctuated a bit in the beginning of the market, but at the close, all three indexes rose.
The Dow Jones Industrial Average rose 1.23% to close at 34,480.75, and the Nasdaq rose 1.33% to close at 13,614.78. The S&P 500 rose in all 11 sectors and the index closed 1.23% higher.
Among the major tech stocks, yesterdays meta and todays Amazon rose significantly.
Amazon has finalized its acquisition of Hollywood studios MGM. This was done while the European Commission recently approved it without conditions, and it was evaluated that Amazon could increase its competitiveness in the streaming business by securing additional MGMs traditional content in the future.
Tesla has raised the price of the Chinese Model Y again. When converted to Korean Won, the price has risen to 60.36 million won. It is responding to inflation and commodity price pressures by raising new car prices twice in a week. In the last week, the US also raised the Mode 3 and Y prices twice.
Netflix is preparing a way to prevent sharing of accounts with people other than family members by charging an additional fee for IDs that share viewing accounts with friends and acquaintances. In this way, you are trying to further increase your companys profits.
Dollar Generals fourth-quarter earnings fell short of expectations. Even so, the stock has risen, with the company saying it will raise its dividend by 31%, and experts are optimistic about the company.
Occidental Petroleum Warren Buffetts Berkshire Hareway has purchased an additional 18.1 million shares of Occidental Petroleum. According to data from the SEC on Wednesday, the average purchase price is around $54.41, bringing the total holdings to $985 million.
Guess earnings and outlook also fell short of expectations. However, the net profit came out better than expected, and the stock price rallied after the earnings were announced.
McDonalds Morgan Stanley has lowered its target price to $287 from $294. It is estimated that the company will lose $50 million a month due to suspension of operations in Russia.
SolarEdge Technology announced that it would publicly offer 2 million common shares. The share price has been trending downwards in todays market.
Delta Air Lines has announced that it will increase its employees wages by 4%. This is the first since the first wage increase before the pandemic. As travel demand recovers, airlines are preparing, including returning new employees to pre-pandemic levels. Delta, as well as other airlines, are ramping up their workforce by raising the minimum hourly wage or offering hiring bonuses.
Lena Housing builder Lenas 4Q EPS fell short of expectations and sales beat expectations. Concerns have been raised about the shortage of materials due to supply shortages and the high cost of manpower.
An expert at Roblox Stipple lowered the price of Roblox from $65 to $60, but the stock rose today. As it is a growth stock, the current limited growth appears to have been taken for granted.
Robinhood Robinhood will launch a stock loan program. Bloombergs analysis suggests that individuals will be able to lend stocks to institutions and contribute to promoting short selling. The program is testing a beta version on the iPhone and will be available in real life in the next few months.
Jeon Ga-eun Foreign Correspondent
