US stocks posted losses in February as investors continue to monitor the Fed’s monetary policy.
After a strong performance in January, stocks on Wall Street retreated last month. For the month, the S&P 500 declined 2.6%, while the Dow fell nearly 4.2%.
Investors digested recent economic reports that showed the US trade deficit widened to $91.5 billion in January, compared to a revised $89.7 billion in the previous month. The S&P CoreLogic Case-Shiller 20-City Home Price Index climbed 4.6% year-to-date in December.
target corporation TGT Shares were up 1% in after-hours trading Tuesday after the company reported better than expected Q4 results.
Most sectors on the S&P 500 closed on a negative note, with energy and utilities stocks posting the biggest declines on Tuesday. However, content and communication services stocks closed higher during the session.
The Nasdaq 100 closed down 0.13% at 12,042.12 on Tuesday amid gains in U.S. shares. Microsoft Corporation msft And Tesla Inc TSLA,
The S&P 500 fell 0.30%, while the Dow Jones declined 0.71% to 32,656.70 in the previous session.
The CBOE Volatility Index (VIX) of the Chicago Board Options Exchange fell 1.2% to 20.70 on Tuesday.
What is the CBOE Volatility Index?
The CBOE Volatility Index, popularly known as the VIX, is a measure of expected equity market volatility based on S&P 500 Index calls and puts. Option,
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