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Stocks drop as Treasury yields widen their inversion

Traders work on the floor of the New York Stock Exchange (NYSE) on June 27, 2022 in New York City.

Spencer Platt | Getty Images

This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

The January rally in U.S. stocks fizzled as Treasury yields widened their inversion. Recent data failed to paint a coherent picture of the economy.

What you need to know today

  • Speaking of activists, Dan Loeb’s hedge fund Third Point is the latest activist investor to take a stake in Salesforce, CNBC confirmed. It joins ValueAct Capital, Elliott Management and Starboard Value.  Salesforce has been hit recently by slowing revenue growth and criticism that it paid too much for targets such as Slack.

The bottom line

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James Thomas
James Thomas
Hello, I am James Thomas blogger and content creator who specializes in personal finance and investing at Business Advise. I have been writing for over 5 years and have built a large following of readers who value practical advice and actionable tips. I'm committed to helping people take control of their financial futures and achieve their goals.

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