#dow-jones-industrial-average

#dow-jones-industrial-average

Market Updates by Jamie Redman Equity markets began the day in the red following the latest corporate earnings reports from some of the world's largest firms, including Microsoft.The tech giant's recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster.

Global stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubborn inflation.London and Hong Kong advanced, while Frankfurt, Tokyo and Shanghai declined.Wall Street futures rebounded.

Bitcoin ( BTC) continued to hold below $27,000 as U.S. Federal Reserve Chair Jerome Powell said stress in the banking sector might allow the central bank to ease back on rate hikes as it looks to curb hot inflation.The largest cryptocurrency by market capitalization was recently trading at around $26,800, up roughly 0.3% in the past 24 hours, according to CoinDesk data.

Bitcoin ( BTC) tumbled back below $27,000, reversing its advance from a day ago as investors continued to weigh the ongoing debt ceiling talks in Washington, D.C. and the latest regulatory moves.The largest cryptocurrency by market capitalization was recently trading at around $26,700, down 2.1% over the last 24 hours, according to CoinDesk data.

Traders at the New York Stock Exchange on Dec. 15.(Spencer Platt/Getty Images) One of the big stock market stories these days is how the Dow Jones industrial average, which has very little investor money tied to it, outperformed the S&P 500, which has trillions of dollars tied to it, by almost double digits for the first 11 months of the year.

Holiday shoppers are sending a message to retailers: Lower your prices.U.S. shoppers pulled back on spending just as the holiday season began, a sign that high prices and rising interest rates are shifting consumer spending habits.Retail sales fell in November by 0.6%, the biggest drop in nearly a year, after rising 1.3% in October, the Commerce Department said on Thursday.

Netflix shares dropped sharply as the markets opened Thursday, following a report that the streaming service's new ad-supported tier isn't pulling in the number of viewers promised, forcing it to allow advertisers to take money back.The stock fell 5.3% to $300.95 after the opening bell.Netflix shares closed Wednesday's trading down 41% from the start of the year, nearly three times the decline in the S&P 500.

Jocelyn Yang is a markets reporter at CoinDesk.She is a recent graduate of Emerson College's journalism program.Bitcoin ( BTC) continued its slightly downward consolidation on Tuesday, slipping just below $27,000 as investors kept close attention on the debt ceiling negotiations in Washington.The largest cryptocurrency by market capitalization was recently trading at $26,950, down roughly 1.3% for the day, according to CoinDesk data.

Bitcoin ( BTC) dipped below $27,000 Wednesday midday, reversing a morning jump following the release of mildly encouraging U.S. inflation data.The BTC/USD trading pair on Coinbase traded as low as $26,800 before regaining some ground, according to TradingView data.The largest cryptocurrency by market capitalization was recently trading at around $27,400, down more than 4% in the past hour and 1.8% in the past 24 hours.

Jocelyn Yang is a markets reporter at CoinDesk.She is a recent graduate of Emerson College's journalism program.Bitcoin ( BTC) kicked off the U.S. trading week, falling below $27,500 in the afternoon (ET).The largest cryptocurrency by market capitalization was recently trading at around $27,350, down over 5.5% in the past 24 hours, according to CoinDesk data, as investors continued to mull over a surge in interest in the PEPE meme coin and Binance congestion issues that forced the exchange giant to temporarily suspend bitcoin withdrawals over the weekend.

Jocelyn Yang is a markets reporter at CoinDesk.She is a recent graduate of Emerson College's journalism program.Bitcoin ( BTC) rose during U.S. trading hours on Tuesday as investors contemplated the latest banking unrest and seemed to regain interest in crypto and other assets that hold value.The largest cryptocurrency by market capitalization was recently trading at around $28,775, up roughly 2.6% over the past 24 hours, according to CoinDesk data.

For nearly 50 years, the successes and failures of 3M have been part of an exclusive report card for the entire American economy.As one of just 30 members of the Dow Jones industrial average stock index, the conglomerate's swings have influenced investors, bankers, regulators and lawmakers on a daily basis.

Health Abiomed will run as a stand-alone business within J&J's medical device segment once the deal is completed.Johnson & Johnson is spending more than $16 billion to move deeper into treating heart disease and continue a shift started last year away from its consumer health roots.The health care giant said Tuesday that it will buy the cardiovascular technology company Abiomed, which makes a heart pump used on patients with severe coronary artery disease.

A huge opioid settlement dragged Walgreens to a $3.7 billion loss in its fiscal first quarter, but the drugstore chain still beat Wall Street forecasts.The company also reaffirmed its earnings forecast for the new year.Walgreens said Thursday that it recorded a $5.2 billion, after-tax charge in the quarter that ended Nov. 30 for opioid-related litigation.