FLAX - Asia And Europe Markets Mostly In Green Crude Oil Trades Above $78 - Global Market Overview While The Us Slept | Benzinga
On Wednesday, February 28th, U.S. stock markets ended lower ahead of key inflation update that could affect predictions for a Federal Reserve rate cut.
In economic data, the U.S. saw a 3.2% annual growth rate in the fourth quarter, down from a 4.9% growth rate the quarter before. Wholesale inventories dropped 0.1% in January after rising 0.4% the previous month.
Recent data showing persistent inflation, a strong U.S. economy, and comments from Fed officials have pushed market expectations for the Fed’s first rate cut from March to June.
Most S&P 500 sectors ended higher, led by real estate and finance, while communication and tech stocks lagged, closing lower.
The Dow Jones Industrial Average ...