The S&P 500 Index ($SPX) (SPY) is down -0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.07%. March E-mini S&P futures (ESH25) are down -0.27%, and March E-mini Nasdaq futures (NQH25) are down -0.33%.
Stocks are trading lower on today's surprise decline in US consumer confidence, which was a negative factor for the US economy. Today’s US durable goods and new home sales reports were also weaker than expected. Stocks are also being undercut by today's +3.6 bp rise in the 10-year T-note yield.
