The S&P 500 Index ($SPX) (SPY) is up +0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.06%. March E-mini S&P futures (ESH25) are up +0.24%, and March E-mini Nasdaq futures (NQH25) are up +0.12%.
Stocks are stabilizing today following 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 economic data, 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%.
-copy-dd1f2bf0.jpeg?w=600)
