HeatMap Tues 21 Feb 2023 - full market down

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HeatMap Tues 21 Feb 2023 - full market down 

Check out today’s heat map:

Every sector closed red. Consumer staples (-0.38%) led & consumer discretionary (-3.34%) lagged. 🔻

In economic news, existing home sales fell for the twelfth straight month to their lowest level since 2010. After seven months of decline, U.S. business activity showed signs of improvement as the S&P composite flash PMI rose to 50.2 from 47.5 (readings over 50 indicate expansion). 🏭

Canada’s annual inflation rate cooled to +5.9% in January, but the price of groceries and interest rates on mortgages continue to pressure consumers. Meanwhile, overseas, Japan saw its factory activity shrink at the quickest pace in about 2.5 years. Weak global demand caused export orders to fall the most since July 2020, while service-sector activity grew for a sixth straight month. 📉

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