Dow slips Thursday but stocks head for a winning February: Live updates
Publishing timestamp: 2024-02-29 12:13:00
Summary
The Dow Jones Industrial Average declined on the final trading session of February, but major averages were on track for a winning month. Investors digested key inflation data and U.S. housing numbers. Despite concerns about the sustainability of the AI-driven rally, Wall Street had another positive month. Snowflake and Okta saw significant moves after earnings reports, while C3.ai's stock jumped on better-than-expected results. Bitcoin ETFs continued to see large inflows. Atlanta Federal Reserve President expects interest rate cuts this summer despite elevated inflation readings. Gold hit a one-month high after U.S. inflation data. Semiconductor stocks outperformed, and U.S. stocks began Thursday's trading session in the green. Snowflake shares plunged after announcing the retirement of its CEO, while Duolingo soared after surpassing quarterly estimates.
Sentiment: MIXED
Tickers: OKTA, .SPX, HPE, CRM, @SP.1, AVGO, .DJI, BBWI, SNOW, NVDA, .IXIC, AI, BBY, DUOL, SMH, @DJ.1, @ND.1, AMD,
Keywords: best buy co inc, bath & body works inc, hewlett packard enterprise co, prices, united states, economic events, stock markets, markets, snowflake inc., okta inc, s&p 500 fut (mar'23), s&p 500 index, breaking news: markets, nasdaq composite, dow jones fut (mar'23), salesforce inc, business news, nasdaq 100 fut (mar'23), dow jones industrial average,
Source: https://www.cnbc.com/2024/02/28/stock-market-today-live-updates.html