On Monday, U.S. stocks declined, continuing the losses from the previous week as investors awaited new inflation data.
The Dow Jones Industrial Average fell by 75 points, or 0.2%, while both the S&P 500 and Nasdaq Composite slipped by 0.2%.
Nvidia saw a pullback of around 1%, further declining after posting its largest daily drop since late May on Friday. Super Micro Computer, another AI-focused stock, also dropped by more than 6%.
Meta, the parent company of Facebook, faced challenges, with its stock dropping by more than 4%.
Traders are getting ready for the release of the consumer and producer price indexes for February, scheduled for Tuesday and Thursday, respectively. These reports are crucial as they are among the final major economic indicators before the Federal Reserve leaders meet for their March policy gathering.
Source (CNBC)
