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## Nasdaq ends at record high

**Source:** Sosland Publishing Co.

### Recap for February 29

On Thursday, the Nasdaq index reached a new record high for the first time since 2021, ending its streak of 569 trading days without one. The rally was supported by shares of Hormel Foods, which saw a 14% increase after beating earnings expectations. Advanced Micro Devices also achieved a milestone by crossing the $300 billion market value mark. The Dow Jones Industrial Average gained 47.37 points, a 0.12% increase, closing at 38,996.39. The Standard & PoorÔÇÖs 500 added 26.51 points, a 0.52% increase, to close at 5,096.27. The Nasdaq Composite jumped 144.18 points, or 0.90%, to close at 16,091.92.

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### Improving Weather Impacts US Commodity Futures

US soybean futures hit a three-year low due to improving South American weather and lackluster export sales. Corn futures were mixed in volatile trading, while wheat futures mostly trended higher despite some downward pressure.

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### US Equities and Oil Prices

US equity markets experienced mixed trading, with the Nasdaq nearing its 2021 record high. US crude oil prices closed lower, while the US dollar index saw gains for the third straight session. The gold futures market advanced on Thursday.

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The AI legalese decoder can analyze legal documents related to equity and oil markets, helping investors and financial analysts understand the legal implications of market movements. By decoding legal language in financial agreements and regulations, it can provide valuable insights into the factors influencing market trends and asset prices.

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