Hey there, readers!
Are you ready to dive into the latest market news and trends in technology? Well, you're in luck because we've got all the juicy details for you right here.
Let's start with a quick market update. U.S. stocks closed the day mixed, with the Dow ticking up about 15 points while the S&P 500 edged down by less than 0.1% and the Nasdaq remaining flat. But that's not all.
One interesting development is the rise of Microsoft shares, which briefly surpassed Apple in market value. However, Apple quickly regained its position by the end of the day. Google-parent Alphabet also saw its shares jump early on, but ended the day down slightly.
On the flip side, Tesla experienced a decline of almost 3% after Hertz announced plans to sell one-third of its electric vehicle fleet due to weak demand. Boeing shares also slid more than 2% after the FAA initiated an investigation following an incident with one of its planes.
Now, let's talk about technology trends. One notable trend is the cooling of inflation, as shown by the slowest year-over-year increase in core prices since May 2021. This has led to a decrease in people's inflation expectations, which is good news for consumers.
In other tech news, the cryptocurrency market is buzzing with excitement as a series of openings for U.S. spot ETFs are expected. This will provide investors with more options to directly invest in cryptocurrencies like Bitcoin. Speaking of Bitcoin, did you know that the Grayscale Bitcoin Trust has grown to a whopping $29 billion in size? Impressive, right?
That's just a taste of what's been happening in the market and technology world. Stay tuned for more updates and trends as we continue to keep you informed.
Until next time, happy investing!
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