HeatMap Thu 23 Feb 2023 - good tech lead
HeatMap Thu 23 Feb 2023 - good tech lead
Check out today’s heat map:
7 of 11 sectors closed green. Technology (+1.64%) led, and utilities (-0.50%) lagged. 💚
In economic news, Russia is reportedly planning to cut oil exports by 25% in an attempt to drive crude prices higher for the west. Meanwhile, Eurozone inflation was slightly higher than originally estimated, at 8.6% YoY. The U.S.’s Q4 GDP estimate was revised lower to 2.7%, weighed down by weaker consumer spending. Lastly, the U.S. labor market remained historically tight as initial and continuing jobless claims dropped by 3,000 and 37,000, respectively. 📝
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