Posted 2/27/2024, 3:50:02 PM
Stocks Cautious Ahead of Inflation Data; Retail and Consumer Sentiment Show Signs of Weakness
- US stocks mixed on Tuesday as investors await key inflation data later this week that could impact Fed policy
- Retail earnings reports out Tuesday showed mixed results, with Macy's sharing plans to close 150 more stores
- Consumer confidence fell in February from a 2-year high the previous month
- Home prices rose again but durable goods orders saw the largest drop in 4 years
- Bitcoin hit 2-year highs above $57,000 as software company MicroStrategy announced a big investment