HeatMap Monday 6th February 2023 - mostly red day

 Today’s issue covers Pinterest’s lackluster earnings, Chegg’s failing grade, and deal announcements from the day. 📰

Check out today’s heat map:

2 of 11 sectors closed green. Utilities (+0.85%) led, and technology (-1.22%) lagged. 🔻

In economic news, the U.S. plans to implement a 200% tariff on Russian aluminum as soon as this week. Meanwhile, Treasury Secretary Janet Yellen says ‘you don’t have a recession’ when the employment rate is at a 53-year low. 🤷

Bed Bath & Beyond soared 92% as meme stocks caught investor interest again. Shares of $AMC, $GME, and other meme stocks also picked up steam later in the day. 📈