- The stock market saw a slight dip today, with the S&P 500 falling by 0.3% and the Dow Jones Industrial Average dropping by 0.5%.
- In economic news, the unemployment rate decreased to 4.2%, representing a positive trend in the job market.
- Tech stocks were a mixed bag, with Apple seeing a 2% increase in share price, while Facebook experienced a 1.5% decrease.
- Oil prices rose by 1.5% today, reaching $75 per barrel, due to increased demand and supply constraints.
- The Federal Reserve announced plans to increase interest rates by 0.25% in response to inflation concerns, impacting mortgage rates and borrowing costs.
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