HeatMap Tues 8th March 2023 - a sea of red

 The Federal Reserve’s semiannual monetary policy report to Congress kicked off today, and Powell’s statements sent the market into a tailspin. Let’s recap what you missed.  👀

Today’s issue covers Powell’s hawkish testimony, several names that bucked the selling trend, and more from the day. 📰

Check out today’s heat map:

Every sector closed red. Consumer staples (-0.99%) led, and financials (-2.58%) lagged. 🔻

WW International shares rose 79% after positive earnings and its pivot into the prescription weight loss drug business. 💊