5 things to know before the stock market opens Wednesday
Publishing timestamp: 2023-03-01 07:41:39
Summary
Investors are looking to March after a rough February, with the Dow, S&P 500, and Nasdaq all down. General Motors laid off 500 salaried employees, and Lowe's is the latest retailer to offer a cautious sales outlook. Mortgage rates have risen, pushing demand for mortgages to buy a home to a 28-year low. Rivian, an upstart EV truck maker, reported lackluster earnings and forecasted lighter-than-expected production output for the year.
Sentiment: MIXED
Keywords: business news, rivian automotive inc, business, kohl's corp, markets, general motors co, lowe's companies inc, investment strategy, economy,