CNBC Daily Open: Stocks rebound as Treasury yields dip, but analysts aren't optimistic
Publishing timestamp: 2023-02-27 18:54:30
Summary
Stocks rose on Monday but are still on track to end February lower. The U.K. and EU signed a new trade deal, which caused the Sterling to jump. Goldman Sachs' second-ever investor day will take place on Tuesday. Record-breaking inflation is happening in most countries, but not in Switzerland. Mike Wilson, Morgan Stanley's chief U.S. equity strategist, warned that the S&P 500 might fall back to bear market in March. Treasury yields eased from their peaks on Friday, giving investors more breathing room. Durable goods orders dropped 4.5% in January, worse than analysts' expectations. Earnings reports from major retailers will be released this week and give indication of consumer spending. Analysts are not too optimistic.
Sentiment: MIXED
Tickers: GS, MS, COST, TGT, M,
Keywords: northern ireland, target corp, markets, united states, world markets, switzerland, macy's inc, eu, goldman sachs group inc, inflation, morgan stanley, united kingdom, business news, costco wholesale corp,
Source: https://www.cnbc.com/2023/02/28/stock-markets-stocks-rebound-but-analysts-arent-optimistic.html