U.S. stocks close lower, S&P 500 ends February with biggest monthly loss since December

U.S. stocks closed lower Tuesday, with the S&P 500 finishing February with the worst monthly performance since December amid heightened worries over sticky inflation. The Dow Jones Industrial Average DJIA, -0.71% closed 0.7% lower Tuesday, while the S&P 500 SPX, -0.30% fell 0.3% and the technology-heavy Nasdaq Composite COMP, -0.10% edged down 0.

1%, according to preliminary data from FactSet. For the month, the Dow shed 4.2%, while the S&P 500 slid 2.6% and the Nasdaq slipped 1.1%, preliminary FactSet data show. Stocks sold off in February after bond-market concerns over stubbornly high inflation sparked a rise in Treasury yields. Information technology was the sole sector of the S&P 500 to finish the month in the green, up around 0.3%.

IOW, the biggest monthly loss in 2 months!!!

Who wrote this headline? January?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500, Dow trade lower in final hour Tuesday, putting stocks on pace for February lossesU.S. stocks were trading mostly lower Tuesday afternoon, with a focus on inflation that’s been hard to tame reigniting concerns on Wall Street about the...
Source: MarketWatch - 🏆 3. / 97 Read more »