This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.
Here are five key things investors need to know to start the trading day:
Yesterday was a rough day for the stock market. The three major indexes all notched their biggest one-day losses in more than a month as the artificial intelligence trade once again sputtered. Economic policy concerns also overshadowed investors’ excitement around the federal government reopening.
Here’s the breakdown:
Higher-income shoppers are looking for deals, and younger consumers are tightening their purse strings, according to recent earnings reports from consumer companies.






