Here are the most important news items that investors need to start their trading day:
1. Rebounding
The major averages began to rebound Friday on a down week for the markets. The Dow Jones Industrial Average rose 0.8%, a day after its worst session in over a year. The S&P 500 and the Nasdaq Composite climbed 1.11% and 1.24%, respectively. All three indexes posted a losing week despite Friday’s bounce. The Dow sank 2.27%, its worst weekly performance in 2024. The S&P 500 dipped 0.95%, while the Nasdaq lost 0.8%. Friday’s jump came after the Labor Department reported job growth of 303,000 in March, much greater than the expected increase of 200,000. Follow live market updates.
2. More hikes possible?
Michelle Bowman, governor of the US Federal Reserve, speaks during the Exchequer Club meeting in Washington, DC, US, on Wednesday, Feb. 21, 2024.
Kent Nishimura | Bloomberg | Getty Images
3. All on the table
4. Chips funding
5. Deal or no deal
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023.
Getty Images
Skydance Media, RedBird Capital and KKR have entered exclusive talks for a stake in Paramount Global. The consortium wants to acquire a stake in a deal that will keep Paramount publicly traded. Skydance CEO David Ellison and Redbird’s Jeff Shell, the former CEO of NBCUniversal, would have leadership roles if the deal is approved, sources told Tech Zone Daily. The proposed deal would not be the complete takeover of Paramount that the company’s board prefers.
Disclosure: Comcast is the owner of NBCUniversal and Tech Zone Daily.
— Tech Zone Daily’s Pia Singh, Alex Harring, Jeff Cox, Karen Gilchrist, Ruxandra Iordache, Dylan Butts and Alex Sherman contributed to this report.
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