The CommSec Market Update 1 Mar 23: US & European stocks retreat on the final day of the month

US sharemarkets were mixed on Tuesday. The Dow Jones index came under pressure as Goldman Sachs shares fell 3% after Chief Executive David Solomon said the bank is considering "strategic alternatives" for its consumer business. Norwegian Cruise Line shares slid 11.9% after reporting a larger-than-expected loss in the fourth quarter. Target's shares gained 2.1% after the retailer announced upbeat holiday-quarter sales. Meta Platforms shares rose 4.5% after the Facebook parent said it was creating a new top-level product group focused on generative artificial intelligence. With less than an hour left of trade, the Dow Jones index was down by 187 points or 0.6%. And the S&P 500 index shed less than 0.1%. But the Nasdaq index added 34.5 points or 0.3%. In February, the Dow fell round 4%, the S&P 500 slid near 2.2% and the Nasdaq dipped around 1%.   

 

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