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Stock impact report

Stocks stumble, benchmark Treasury yield drops to YTD low [Seeking Alpha]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Stocks turned sharply lower, with the Dow declining more than 200 points, as investor sentiment was dampened by a cloud of concerns related to North Korea, Hurricane Irma and domestic politics. “There is no solid game plan as to what we can do with North Korea," Larry Adam, Deutsche Bank Wealth Management’s chief investment officer, said regarding the country's nuclear test over the weekend. “ People are getting nervous ." Insurance, reinsurance and cruise line stocks sold off as their businesses are expected to be hurt in the short term by the oncoming hurricane; conversely, home improvement retailers including Home Depot and Lowe's gained. The downbeat scene sparked a Treasury market rally that saw the 10-year note jump nearly a point and its yield drop 9 bps to a YTD low 2.07%; also, Fed Governor Brainard said central banks should be cautious about raising rates amid low inflation. Weakness in bank stocks, which were slammed by concerns about net interest margin Show less Read more
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