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CNBC Daily Open: Stocks, bonds and gold fell — there was no safe asset for investors in February - TL;DR CNBC

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

Tickers: TGTGSBD

Keywords: interest ratesdavid solomoninflationmarketstarget corpworld marketsretail industryhousingbusiness newselon muskgoldman sachs bdc inc

Source: https://www.cnbc.com/2023/03/01/stock-markets-there-was-no-safe-asset-for-investors-in-february.html


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