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

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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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