U.S. stocks traded lower this morning, with the Nasdaq Composite falling around 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.24% to 42,198.64 while the NASDAQ fell 0.57% to 17,701.94. The S&P 500 also fell, dropping, 0.36% to 5,672.68.
Check This Out: Jim Cramer: Stryker Is A ‘Good’ Company, Says He Likes This Utilities Stock
Leading and Lagging Sectors
Utilities shares jumped by 0.6% on Friday.
In trading on Friday, consumer discretionary shares fell by 1.4%.
Top Headline
The Federal Reserve’s preferred inflation gauge rose more than anticipated in February, underscoring the bumpy road back to the 2% target and throwing cold water on expectations for imminent interest rate cuts.
According to data released Friday by the Bureau of Economic Analysis, the Personal Consumption Expenditures (PCE) price index increased by 2.5% year-over-year, matching both the previous reading and economist forecasts of 2.5%. On a monthly basis, headline PCE rose 0.3%, in …
Full story available on Benzinga.com
U.S. stocks traded lower this morning, with the Nasdaq Composite falling around 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.24% to 42,198.64 while the NASDAQ fell 0.57% to 17,701.94. The S&P 500 also fell, dropping, 0.36% to 5,672.68.
Check This Out: Jim Cramer: Stryker Is A ‘Good’ Company, Says He Likes This Utilities Stock
Leading and Lagging Sectors
Utilities shares jumped by 0.6% on Friday.
In trading on Friday, consumer discretionary shares fell by 1.4%.
Top Headline
The Federal Reserve’s preferred inflation gauge rose more than anticipated in February, underscoring the bumpy road back to the 2% target and throwing cold water on expectations for imminent interest rate cuts.
According to data released Friday by the Bureau of Economic Analysis, the Personal Consumption Expenditures (PCE) price index increased by 2.5% year-over-year, matching both the previous reading and economist forecasts of 2.5%. On a monthly basis, headline PCE rose 0.3%, in …
Full story available on Benzinga.com
U.S. stocks traded lower this morning, with the Nasdaq Composite falling around 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.24% to 42,198.64 while the NASDAQ fell 0.57% to 17,701.94. The S&P 500 also fell, dropping, 0.36% to 5,672.68.
Check This Out: Jim Cramer: Stryker Is A ‘Good’ Company, Says He Likes This Utilities Stock
Leading and Lagging SectorsUtilities shares jumped by 0.6% on Friday.
In trading on Friday, consumer discretionary shares fell by 1.4%.
Top Headline
The Federal Reserve’s preferred inflation gauge rose more than anticipated in February, underscoring the bumpy road back to the 2% target and throwing cold water on expectations for imminent interest rate cuts.
According to data released Friday by the Bureau of Economic Analysis, the Personal Consumption Expenditures (PCE) price index increased by 2.5% year-over-year, matching both the previous reading and economist forecasts of 2.5%. On a monthly basis, headline PCE rose 0.3%, in …Full story available on Benzinga.com Read MoreDBVT, Equities, LXRX, Mid Morning Market Update, MIST, News, PRTG, WOLF, XTIA, Eurozone, Commodities, Intraday Update, Markets, Trading Ideas, LXRX, US5288721047, WOLF, DBVT, PRTG, MIST, XTIA, News, Equities, Eurozone, Commodities, Intraday Update, Markets, Trading Ideas, Benzinga Markets
