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CNBC Daily Open: Markets took a beating — and there may be worse ahead - TL;DR CNBC

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

Tickers: HDWMTMSFTNVDA

Keywords: warrussiamarketsukraineworld marketsnvidia corptechnologyeconomic eventsretail industryhome depot incmicrosoft corpunited statesvladimir putinjoe bidenwalmart incbusiness newsfederal reserve bank

Source: https://www.cnbc.com/2023/02/22/stock-markets-markets-took-a-beating-and-there-may-be-worse-ahead.html


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