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...
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%.
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