CNBC Daily Open: Stocks rebound from their worst week this year — but analysts aren't optimistic
Publishing timestamp: 2023-02-28 02:16:03
Summary
Stocks rose on Monday but are still on track to end February lower. The U.K. and EU signed a new trade deal, and Meta will create a new team that focuses on generative artificial intelligence models. Mike Wilson, Morgan Stanley's chief U.S. equity strategist, warned that the S&P 500 might fall back to bear market in March. Durable goods orders dropped 4.5% in January, worse than analysts' expectations. Earnings reports from major retailers like Target, Costco and Macy's will be released this week and give indication of consumer spending.
Sentiment: MIXED
Keywords: united kingdom, united states, espionage, business news, costco wholesale corp, politics, military events, markets, northern ireland, meta platforms inc, target corp, technology, china, eu, macy's inc, world markets, inflation,
Source: https://www.cnbc.com/2023/02/28/stock-markets-stocks-rebound-from-their-worst-week-this-year-.html