It could have been worse, but more than three-quarters of the stocks in the S&P 500 were down for the month.
Economic Report: Consumer confidence slips to three-month low on worries about recession
A survey of consumer confidence fell to a three-month low, signaling worries about the economy as high inflation and rising interest rates depress growth.
: Goldman explores strategic alternatives for its Marcus consumer-banking business
CEO David Solomon says ‘franchise remains strong’ with focus on asset-management fees but admits the bank tried to grow its consumer-banking unit too quickly.
: Hedge-fund giant Man says expect more demand for liquid alternatives this year as stock surges on results
Shares in Man Group Plc, one of the largest publicly traded hedge funds, rose almost 9% in London markets on Tuesday after it reported higher pretax profit in 2022, from a rise in management and performance fees.
: More than 122,000 tech-sector employees have lost their jobs since the start of 2023
Global tech layoffs have increased almost fivefold since mid-January, according to Layoffs.fyi.
Economic Report: ‘Mortgage financing remains a headwind for home prices’: Home-price growth slows in December, with San Francisco leading the way
The Case-Shiller 20-city home price index fell 0.5% in December, compared to the prior month.
: U.K. grocery inflation reaches startling 17% as French and Spanish consumer price data surprise on the upside
It was a day for grim inflation readings in Europe, as one report showed the surge in costs at grocery stores in the U.K.
Metals Stocks: Gold touches 2-month low on last trading day of dismal February
Gold prices touch a 2-month low on Tuesday as hotter-than-expected inflation data out of Europe pushes global bond yields higher.
Economic Report: U.S. trade deficit in goods climbs to three-month high of $91.5 billion
The trade deficit in goods rose 2% in January to a three-month high, reflecting high inflation as well as a robust U.S. appetite for cars, food and consumer electronics.
Earnings Results: Target stock powers up after profit beat by wide margin, sales surprisingly rise
Target’s stock rallied Tuesday after the retailer beat earnings expectations by a wide margin but also provided a somewhat downbeat profit outlook.