Wall Street Posts February Losses on Shaky Fed Policy

Gold and oil prices also fell in February

Deputy Editor
Feb 28, 2023 at 4:28 PM
facebook X logo linkedin

Wall Street posted a losing session, and all three indexes logged steep declines for February, pulling back from a strong start to the year. The 10-year Treasury yield surged to its highest level since November today, as investors continue to weigh the impact of a higher-for-longer interest rate policy. Wall Street's "fear gauge," the Cboe Volatility Index (VIX), meanwhile, logged a healthy monthly win.

Continue reading for more on today's market, including:

closing summary febr28

nyse nasdaq Febr28

5 Things to Know Today 

  1. Mexican President Andres Manuel Lopez Obrador said Tesla (TSLA) will build a new plant in Monterrey, Mexico. (CNBC)
  2. U.S. President Joe Biden is expected to nominate Julie Su as his next labor secretary. (MarketWatch
  3. Dish Networks stock dinged by double downgrade.
  4. Here's how Target's quarterly report played out.
  5. Why analysts targeted Zoom Video stock.

Earnings Feb28

UVOL Febr28

Gold, Oil Post Daily Gains, Lose for Month

Oil futures rallied today, but logged a 2.3% dip in February to lock in its fourth-straight monthly loss. Black gold was pressured down by a warm weather in the U.S. and Europe, as well as mixed inflation data and hawkish Fed commentary. Still, for the session, April-dated crude futures tacked on $1.37, or 1.8%, to close at $77.05 per barrel.

Gold prices rose Tuesday, but still posted a 5.6% monthly loss -- its largest such decline since June 2021 -- as inflation and a higher-for-longer interest rate hike outlook weighed on the precious metal. On Tuesday, April-dated gold futures added $11.80, or roughly 0.7%, to settle at $1,836.70.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI