Stock futures fell on Sunday evening, continuing the trend of losses experienced in early March, as investors braced for a week filled with crucial economic data and political uncertainty.
Futures tied to the S&P 500 dropped 0.8%, while Nasdaq 100 futures declined nearly 1%. Futures for the Dow Jones Industrial Average slipped 268 points, or 0.6%, indicating further downward pressure on major indices.
Last week saw significant losses, with the S&P 500 dropping 3.10% for its worst week since September. The Dow fell 2.37%, and the Nasdaq Composite lost 3.45%, marking a rough week for the markets, driven largely by volatile developments from Washington, D.C. Negotiations around tariffs between the U.S., Mexico, and Canada weighed heavily on investor sentiment.
In a Sunday interview, President Donald Trump addressed concerns about a potential recession, stating that the economy was simply going through “a period of transition,” offering little clarity on the situation.
Looking ahead, the coming week promises to keep investors on edge. A series of key economic reports, including the New York Fed’s consumer expectations survey on Monday and the University of Michigan’s consumer sentiment reading on Friday, will add to market uncertainty.
Inflation data will also take center stage, with the February Consumer Price Index (CPI) scheduled for release on Wednesday and the Producer Price Index (PPI) following on Thursday. Economists expect the CPI to show more moderate growth in February after a sharp increase the previous month, with annual inflation figures holding steady. Meanwhile, the PPI is expected to continue rising at a faster pace than consumer prices, driven by tariffs and tariff threats, keeping producer prices elevated.
This heavy flow of economic data could have significant implications for the markets, particularly in terms of inflation trends and the broader economic outlook. Investors will likely remain cautious as they await clearer signals on the direction of the economy.
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