The S&P 500 Index ($SPX) fell -0.37%, the Dow Jones Industrials Index ($DOWI) rose +0.02%, and the Nasdaq 100 Index ($IUXX) dropped -0.85%. March E-mini S&P futures (ESH25) declined -0.24%, and March E-mini Nasdaq futures (NQH25) fell -0.70%. Stocks continued last Friday’s losses, triggered by weak economic data, including a drop in the University of Michigan’s US Feb consumer sentiment index and a rise in inflation expectations. Today, declines in the Magnificent Seven stocks, particularly Meta, Tesla, and Microsoft, weighed on the market, despite a -3 bp drop in the 10-year T-note yield offering some support. The Trump administration proposed fees on Chinese-made commercial ships and instructed the US Committee on Foreign Investment to limit China’s investments in key sectors. Investors await Nvidia’s earnings report and key economic data this week. European markets showed mixed results, with the German Dax up +0.31% after election results, while the Euro Stoxx 50 fell -0.54%. Interest rates saw March 10-year T-notes (ZNH25) rise +5 ticks, with yields down -3.3 bp at 4.398%. Swaps indicate a 98% chance of a -25 bp rate cut by the ECB at the March 6 meeting. Notable US stock movers included Apple (AAPL) up +0.5%, Nvidia (NVDA) down -0.8%, Microsoft (MSFT) down over -1%, Tesla (TSLA) down over -1%, Palantir Technologies (PLTR) down -8%, Berkshire Hathaway (BRK.B) up over +3%, Nike (NKE) up over +5%, Domino’s Pizza Inc. (DPZ) down over -2%, and Robinhood Markets (HOOD) down -4%. — news from Nasdaq
