CNBC Daily Open: Stocks, bonds and gold fell — there was no safe asset for investors in February
Publishing timestamp: 2023-02-28 18:32:04
Summary
U.S. stocks fell on Tuesday, ending a rough February in the red. Goldman Sachs will pivot from its consumer push to focus on asset and wealth management, while Target's earnings and revenue beat Wall Street's expectations for the first time in a year. The 10-year Treasury yield is hovering close to 4%, a level that could give investors fright. Inflation has wreaked havoc on the relationship between stocks and bonds, causing assets to move in tandem. Target warned that consumers are paring back on their discretionary spending, and inflation may be slowing, but not as quickly as hoped.
Sentiment: MIXED
Keywords: interest rates, david solomon, inflation, markets, target corp, world markets, retail industry, housing, business news, elon musk, goldman sachs bdc inc,
Source: https://www.cnbc.com/2023/03/01/stock-markets-there-was-no-safe-asset-for-investors-in-february.html