5 things to know before the stock market opens Friday
Publishing timestamp: 2023-03-10 08:59:31
Summary
The February jobs report exceeded expectations, but the stock market is on track to finish the week in the red. Silicon Valley Bank is in trouble after selling off holdings at a loss and raising funds from a private equity firm, causing its shares to plummet. General Motors is offering buyouts to salaried workers as it looks to cut costs and focus on electric vehicles. Gap's latest earnings report was disappointing, with declining sales and a wider loss than expected.
Sentiment: NEGATIVE
Keywords: investment strategy, business, general motors co, economy, gap inc, business news, svb financial group, markets,
Source: https://www.cnbc.com/2023/03/10/5-things-to-know-before-the-stock-market-opens-friday-march-10.html