Wall Street ended the week lower, despite the S & P 500 notching an all-time closing high Thursday and the Nasdaq Composite hitting an intraday record Friday before dropping more than 1% in the session. The Dow Jones Industrial Average registered its worst week since October, falling 0.93%. The S & P 500 and tech-heavy Nasdaq lost 0.26% and 1.17%, respectively. Earnings season also continued to wind down on a largely positive note.
2% month over month. Finally, on a 12-month basis, the PPI is projected to be up 1%, per FactSet. The February retail sales report also is set to be released Thursday. Though this doesn't provide a direct read on inflation, it does provide insight into a major part of gross domestic product and, by extension, the path the U.S. economy is on. Consumer spending accounts for roughly two-thirds of U.S.