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It’s time for Yahoo Finance’s Market Minute.
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Bad news is good news for stocks today. Week retail sales data is pushing stocks higher as the figures boost rate cut odds, but the big focus will be the January jobs report due out tomorrow and consumer price index data this Friday.
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Meanwhile Goldman Sachs CEO David Solomon said the sell off in software stocks is quote, a little bit too broad. Speaking at a UBS Financial Services conference, the CEO said plenty of companies in the sector will pivot and do just fine.
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And Alphabet has raised almost $32 billion in debt in less than 24 hours.
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The Google parent sold Sterling and Swiss Frank denominated offerings today, according to Bloomberg. The Sterling issue included an ultra-rare 100-year bond. Those deals followed Monday’s $20 billion debt sale.
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And that’s your Yahoo Finance Market Minute. For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the trading session.