Data shows investors running toward safety of cash as stock market stumbles

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U.S. stocks were off to a surprisingly good start in 2023, but the upside momentum fizzled in February after a flurry of higher-than-expected inflation data and Fed officials' remarks implied interest rates may have to go higher than previously thought. The three major U.S. indexes ended a rough February in the red earlier this week.

The best performers of the session on the Dow Jones Industrial Average were Apple Inc (NASDAQ:AAPL), which rose 3.51% or 5.12 points to trade at 151.03 at the close. Meanwhile, Boeing Co (NYSE:BA) added 2.40% or 5.05 points to end at 215.11 and Goldman Sachs Group Inc (NYSE:GS) was up 2.29% or 7.99 points to 357.09 in late trade.

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