"February's Record Highs and Inflation Data Impact Stock Market Today"
TL;DR Summary
The S&P 500 and Nasdaq Composite closed at record highs, capping the best February since 2015, as investors digested inflation data. Earnings outlook for the first quarter remains positive, while AI trade sees strong performance from C3.ai. Anheuser-Busch InBev faces pressure as Budweiser's sales decline, and Best Buy's stock rises despite poor quarterly results. Bitcoin holds above $62,000, and the latest inflation data sets the stage for potential interest rate cuts. Snowflake stock plunges after CEO's surprise departure, and chip stocks lead the Nasdaq higher. AMC CEO cuts his pay as the stock hovers near all-time lows.
- Stock market today: S&P 500, Nasdaq hit fresh records to cap best February in nearly a decade Yahoo Finance
- PCE inflation for January: Dow drifts lower as stocks trim gains seen after key data MarketWatch
- Stock Market Today: Dow Jones Falls On Inflation Data; AI Stock Snowflake Crashes Investor's Business Daily
- Stock Market Today: Dow, S&P Live Updates for February 29 Bloomberg
- S&P, Nasdaq close higher as inflation data tightens rate cut view Reuters
Reading Insights
Total Reads
0
Unique Readers
12
Time Saved
14 min
vs 15 min read
Condensed
97%
2,841 → 97 words
Want the full story? Read the original article
Read on Yahoo Finance