Wall Street Slumps As Inflation Gauge Looms

Wall Street has fallen victim to profit-taking since nabbing record highs all around on Friday. Despite a mostly upbeat GDP report, the Dow logged a third-straight loss, while the tech-heavy Nasdaq logged its fourth loss in the last five trading days. Now, all eyes turn to the personal consumption expenditure reading for January -- the Federal Reserve's favorite inflation gauge -- due out tomorrow. 

Closing Indexes Summary Feb 28

NYSE and Nasdaq Stats Feb 28

earningsfeb28

Unusual Options Activity Feb 28


OIL, GOLD FUTURES FALL

Oil futures fell after government data showed domestic commercial crude inventories rose for a fifth straight week. For the session, April-dated West Texas Intermediate (WTI) lost 33 cents, or 0.4%, to finish at $78.54 per barrel.

Gold futures were slightly lower as well, with April-dated gold shed $1.40, or 0.07%, to settle at $2,042.70 per ounce.


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