S&P 500 rises as stocks try to rebound from worst week of 2023: Live updates
Publishing timestamp: 2023-02-27 11:46:31
Summary
Stocks rose on Monday as traders tried to recover from the worst week of the year on Wall Street. Treasury yields eased after the 2-year rate hit its highest level since July 2007. Union Pacific rose 10% after announcing its CEO would step down this year. Durable goods orders fell in January as consumers pulled back spending on big-ticket items. Steve Eisman believes investors can no longer beat the market simply by investing in growth stocks due to the surge in interest rates. Technical strategists see stocks stabilizing temporarily and expect some support around the 200-day moving average on the S&P 500. Warren Buffett's Berkshire Hathaway reported a 7.9% drop in operating profits during the fourth quarter. Pfizer is in talks to acquire biotech firm Seagen. Stock futures opened little changed on Sunday evening.
Sentiment: MIXED
Tickers: @DJ.1, BRK.B, BBY, SGEN, Z, .DJI, NVDA, MRK, ZG, ARKK, .IXIC, @ND.1, .SPX, US2Y, UNP, PFE, @SP.1,
Keywords: stock markets, nasdaq 100 fut (mar'23), s&p 500 fut (mar'23), breaking news: markets, dow jones industrial average, business news, s&p 500 index, markets, u.s. 2 year treasury, united states, nasdaq composite, dow jones fut (mar'23), zillow group inc, investment strategy,
Source: https://www.cnbc.com/2023/02/26/stock-market-futures-open-to-close-news.html