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Best Buy stock slips after jobs surprise; CPI and earnings are next
Best Buy shares fell 1.6% after stronger-than-expected US jobs data pushed Treasury yields up, reducing rate-cut expectations. This impacts Best Buy as high borrowing costs make consumers cautious about big-ticket purchases. Investors are now awaiting Friday’s CPI report and Best Buy’s Q4 earnings call on March 3rd for further insights into demand and margin trends.