Industrial production fell 0.5% in February, more than the estimate of a 0.1% decline. Capacity utilization declined from 81.5% in January to 80.9% in February, lower than the forecast of an 81.2% reading. Utilities fell 3.7%, while manufacturing production dipped 0.2%. More from Bloomberg...
The Dow Jones Industrial Average rose 21 points (0.2%) to close at 11,972, the S&P 500 Index declined 12 points (0.9%) to 1,277, and the Nasdaq Composite lost 35 points (1.6%) to 2,177. Crude oil dropped $4.53 to $105.68 per barrel, and gold ended up $6.50 at $1006.00 per ounce.
Magnificent Seven Update
