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Barchart
Barchart
Rich Asplund

Stocks Fade Ahead of This Week’s Economic Reports

ECB LOW United States ECB Governing Council SEC

The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.38%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.02%.

On Monday, stock indexes gave up early gains and closed lower as they consolidated below last week’s record highs.  Supply pressures pushed bond yields higher on Monday and was a bearish factor for stocks. The markets are looking ahead to this week’s U.S. economic news, including Feb consumer confidence on Tuesday, revised Q4 GDP on Wednesday, and the Jan core personal consumption expenditures price index, the Fed’s preferred inflation gauge, on Thursday. 

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