S&P 500 and Nasdaq close lower to begin March as the 10-year Treasury yield touches 4% 
The S&P 500 fell Wednesday, the first day of March, as traders struggled to recover their footing following a losing month and bond yields continued their climb. 
The broad market index fell 0.47% to 3,951.39, while the tech-heavy Nasdaq Composite lost 0.66% to close at 11,379.48. The blue-chip Dow Jones Industrial Average ended the day just above the flatline at 32,661.84, a gain of 5.14 points. 
U.S.-listed shares of Nio 
 slid about 4% after the Chinese electric vehicle maker reported a wider-than-expected operating loss of 6,736.1 million Chinese Yuan ($976.7 million U.S.) for the fourth quarter. That’s a much wider loss from the year prior. The automaker also provided weak guidance.  
Rivian, vehicle maker, tumbled more than 9% after the company posted mixed fourth-quarter results and an underwhelming production outlook. 
Novavax dropped 25.4% in early morning trading after the vaccine developer said that “substantial doubt exists regarding our ability to operate as a going concern” through the next year. 

A German flash estimate put the inflation rate harmonized with the rest of the EU at 9.3% in February, which would be an increase from 9.2% in January. Euro zone inflation figures are due Thursday. 
Shares of Aston Martin Lagonda were up 14% at 10:30 a.m in London after the British luxury carmaker said it expected “significant growth in profitability compared to 2022.” 
Source: CNBC, Investing.com