Posted 3/5/2024, 8:22:00 PM
Stocks Retreat from Records, Bitcoin Volatile as Tech Rally Stalls
- Stocks pulled back from record highs amid uncertainty over interest rate cuts and shakeup in top stocks
- Bitcoin hit a new all-time high then plunged 10% to around $62,000
- Debate over whether tech stock gains behind recent rally have peaked as downbeat news hits
- Target earnings beat forecasts, helping shares surge over 10%
- Disney CEO says activist investor Nelson Peltz's proxy battle is "designed to distract"