5 things to know before the stock market opens Tuesday
Publishing timestamp: 2024-02-06 06:47:16
Summary
Stocks turned lower on concerns about the Federal Reserve's rate cuts. Palantir shares soared after beating revenue expectations. Snap laid off 10% of its workforce. Treasury yields spiked on strong economic data. Mortgage rates hit 7.04%, impacting the housing market. Starbucks and McDonald's reported sales being hurt by the Israel-Hamas war.
Sentiment: MIXED
Tickers: PLTR, .DJI, .SPX, SBUX, MCD, .IXIC, SNAP,
Keywords: investment strategy, diana olick, mcdonald's corp, snap inc, palantir technologies inc, markets, dow jones industrial average, economy, starbucks corp, nasdaq composite, business, business news, s&p 500 index, economic events,