Posted 3/5/2024, 8:22:00 PM
Stocks Retreat from Highs as Rates and Tech Shakeup Spook Investors While Bitcoin and Gold See Records
- 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
- Gold reached new record highs over $2,100 on rate cut hopes and geopolitical tensions
- Target earnings beat lifted shares over 10% as it touted "roadmap for growth"
- Disney CEO says activist investor Nelson Peltz's proxy battle is "designed to distract"