Title: U.S. Stock Market Sees Mixed Performances as Big Tech Stocks Soar and Meta Stock Plummets
The U.S. stock market experienced mixed gains and losses on April 24th, with the Dow Jones Industrial Average falling slightly while the S&P 500 and Nasdaq rose for three consecutive years. The Dow Jones Industrial Average closed at 38,460.92 points, a decrease of 0.11%, while the S&P 500 closed at 5,071.63 points, a decrease of 0.02%, and the Nasdaq Composite Index closed at 15,712.75 points, an increase of 0.10%.
Big tech stocks had a mixed day, with Tesla soaring over 12% and Apple rising over 1%. Intel, Microsoft, and Google saw slight gains, while Nvidia and Netflix fell over 3% and Amazon fell over 1%. HashiCorp rose over 7% after news of a proposed acquisition by IBM, which caused IBM’s U.S. stocks to fall over 5% after the market closed. Meta’s first-quarter revenue and profit exceeded expectations, but its second-quarter revenue outlook fell short, causing its stock price to drop over 18%.
In the European stock market, all three major indexes fell, with the FTSE 100 in London down 0.06%, the CAC40 in Paris down 0.17%, and the DAX in Frankfurt down 0.27%. In the commodity market, international oil prices and gold prices both ended lower on April 24th.
Global market news included U.S. President Biden signing a bill related to TikTok, Chilean National Copper’s joint venture with SQM, and SunPower’s layoffs. The U.S. Senate is investigating Novo Nordisk’s pricing, while Tesla surged after its earnings report. The ECB Governing Council discussed inflation concerns, and the yen exchange rate fell below 155. Boeing’s first-quarter results beat expectations, and U.S. prosecutors are seeking a three-year prison sentence for Binance founder Changpeng Zhao on money laundering charges.
Related
Anglo American is the company with the greatest progress in Merco’s ESG Ranking
– 2024-04-24 23:52:37
The copper producing company reached position 47 in this classification that highlights the 100 leading national companies in environmental, social and governance responsibility.
Year after year, Merco’s ESG Ranking highlights the 100 leading national companies in environmental, social and governance responsibilitywhere in the 2023 edition, recently released, highlighting the progress obtained by Anglo American.
Specifically, the mining company advanced 37 placesgoing from position 84 in 2022 to number 47 this year, ranking as one of the companies with the greatest progress on the entire list.
In the same way, Anglo American positioned itself as the private mining company with the highest score in Merco’s ESG Ranking, also being second in the Mining category, only behind the state-owned company Codelco.
“We are very happy with this result. It is the result of the constant work we have been doing, in line with our purpose of re-imagining mining to improve people’s lives,” said Anglo American Vice President of Corporate Affairs and Sustainability, Juan Pablo Schaeffer.
He added that “today, as the world faces its greatest challenge, which is climate change, We have proposed to promote collaboration with different actorsthe creation of spaces of dialogue and listeninge drive innovations that have a positive impact for everyone.”
Merco’s ESG ranking
Merco (Corporate Reputation Business Monitor) is the reference corporate monitor in Latin America that has been evaluating the reputation of companies since 2000, based on a multistakeholder methodology made of six evaluations and more than twenty sources of information.
The latest report is based on 44,024 surveys carried out between April 2023 and March 2024including among those surveyed managers, financial analysts, representatives of NGOs, representatives of unions, consumer associations, academics, authorities and workers, among others.
At a general level, the list was headed by BCI, followed by Natura, Banco de Chile, Nestlé, Mercado Libre, Banco Santander, Colún, Sodimac, Metro de Santiago and ACHS.
Algeria’s Military Spending Surpasses Morocco’s in 2023
According to this report, Moroccan military spending fell 2.5% to $5.2 billion in 2023. This amounts to 3.64% of GDP. On the other hand, Algeria saw its military spending increase by 76% to $18.3 billion. This is the highest level ever for Algeria and the strongest annual increase since 1974. The increase is explained by “a strong increase in gas export revenues to European countries.”
Read also: Moroccan F-16s upgraded by Lockheed Martin
“Algeria and Morocco Representing the largest expenditure in the sub-region (North Africa),” the report said, “Together they accounted for 82% of North Africa’s military expenditure in 2023.
On the African continent, the military spending in 2023 by 22% to $51.6 billion. North African countries spent $28.5 billion on their military last year, up 38% from 2022. Sub-Saharan African countries spent $23.1 billion on arms in 2023, up 8.9% from 2022, but 22% less than in 2014. The 2023 increase is due to a 20% increase in Nigeria’s expenditure – the largest military expenditure in the sub-region – and a significant increase in the expenditure of several other countries, including Congo and South Sudan.
Read also: An American military officer warns of a war between Morocco and Algeria
The United States, China, Russia, India and Saudi Arabia continue to represent the largest military spenders in the world. Together they accounted for 61% of global military spending in 2023, reaching $2.4 trillion in 2023, the strongest increase in a decade, fueled by ongoing conflict. “This shows how the situation of peace and security in the world is deteriorating.
2024-04-24 19:00:00
#Moroccan #military #spending #falls #Algerian #spending #accelerates
Related posts: