CNBC Daily Open: Markets took a beating — and there may be worse ahead
Publishing timestamp: 2023-02-21 21:50:03
Summary
U.S. stocks had their worst day in three months, with all major indexes falling at least 2%. Walmart and Home Depot reported fourth-quarter earnings, with Walmart easily beating estimates but Home Depot not doing as well. Microsoft's planned acquisition of Activision Blizzard has a new supporter in Nvidia, while Russian President Vladimir Putin blamed the West for starting war in Ukraine and U.S. President Joe Biden reaffirmed NATO's commitment to Ukraine. Treasury yields climbed to three-month highs, and analysts think stocks are facing the reality of higher interest rates.
Sentiment: NEGATIVE
Keywords: war, russia, markets, ukraine, world markets, nvidia corp, technology, economic events, retail industry, home depot inc, microsoft corp, united states, vladimir putin, joe biden, walmart inc, business news, federal reserve bank,