The S&P 500 Index ($SPX) (SPY) on Monday fell -0.29%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell -0.92%. March E-mini S&P futures (ESH25) fell -0.41%, and March E-mini Nasdaq futures (NQH25) fell -1.11%.
The broad market and tech stocks fell Monday, adding to last Friday’s sharp losses of -1.71% in the S&P 500 index and -2.06% in the Nasdaq 100 index. Stocks were undercut last Friday by negative US economic news, led by the decline in the University of Michigan’s US Feb consumer sentiment index to a 15-month low of 64.7. Also, the University of Michigan’s US Feb 5-10 year inflation expectations indicator rose to a 29-year high of +3.5%.
