Reply To: US Consumer Inflation Modest Pullback in February with Core Services Prices Climb


As yields pulled back from their highs, the major indices were able to bounce somewhat and close the session well above their intraday lows.

Dow -156.66 at 34089.22, Nasdaq +68.36 at 11960.17, S&P -1.16 at 4136.13

The Nasdaq closed with a decent gain today thanks to an upside pull from several mega cap stocks.

The Vanguard Mega Cap Growth ETF (MGK) was up 0.5% versus a 0.2% loss in the Invesco S&P 500 Equal Weight ETF (RSP).

Most of the S&P 500 sectors registered a decline with real estate (-1.0%) and consumer staples (-0.9%) sinking the bottom of the pack. The heavily weighted information technology (+0.4%) and consumer discretionary (+1.2%) sectors led the outperformers.