After a turbulent week, global stocks rose today as the threat of a U.S. government shutdown diminished. Inflation fears have also eased as new statistics revealed inflation cooling to 2.8% during February.
The S&P 500 rose by 0.9% as investors welcomed a rebound in technology stocks after Nvidia, Tesla, Alphabet, Amazon, Meta, Apple, and Microsoft collectively lost $ 2.7 trillion in market value over the past three weeks.
Today, the threat of a U.S. government shutdown was resolved after Senate Democratic leader Chuck Schumer chose not to block the stopgap funding bill. Schumer has divided Democrats since the legislation will cut government spending by approximately $7 billion and result in the elimination of thousands of jobs.
Due to geopolitical uncertainty and ongoing tariff changes, gold ended the week by reaching an all-time-high of above $3,000 per ounce.
By CEO NA Editorial Staff
