Posted 2/15/2024, 4:18:00 PM
Stocks Mixed as Retail Sales Weigh on Growth Outlook; Alphabet Drops on AI Competition Concerns
- US stocks mixed after disappointing retail sales raise questions about economic "soft landing"
- Alphabet shares sink 3% on worries over potential OpenAI search rival
- Homebuilder confidence rises for 3rd month in a row as mortgage rates decline
- JPMorgan and Disney hit 52-week highs, lifting Dow 0.5%
- Cisco shares slammed after earnings call cites inventory corrections, lower demand, and disappointing guidance