Asia And Europe Markets Dip While Crude Oil Stays Above $81 - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
On March 22nd, U.S. stock markets closed mixed with the S&P 500 nearly unchanged, marking its biggest weekly rise of 2024 after the Fed's interest rate cut plans. The Nasdaq increased slightly, driven by AI excitement. Baker Hughes reported a decrease in U.S. oil rigs. FedEx surged 7.4% after beating profit expectations, while Digital World Acquisition fell 13.7% following its merger approval with Trump's tech company. Global markets saw mixed results, with declines in Asia and Europe, while commodities like crude oil and gold traded higher.
March 25, 2024 | 11:03 am
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POSITIVE IMPACT
FedEx surged 7.4% after surpassing Wall Street's profit expectations.
FedEx's significant surge is directly attributed to its earnings surpassing Wall Street's expectations, indicating strong financial performance and potentially positive future outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Digital World Acquisition fell 13.7% following the approval of its merger with Donald Trump's tech company.
The significant drop in DWAC's stock price following the merger approval with Trump's tech company suggests market skepticism or concerns about the merger's future impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90