The Conference Board’s Consumer Confidence Index improved more than expected, jumping from an upwardly revised 64.8 in January to 70.4 in February, compared to the increase to 65.0 that was expected. This was the highest level since February 2008.
The Dow Jones Industrial Average tumbled 178 points (1.4%) to 12,213, the S&P 500 Index dove 28 points (2.1%) to 1,315, and the Nasdaq Composite was 78 points (2.7%) lower at 2,756. Crude oil soared $5.71 to $95.42 per barrel, while the Bloomberg gold spot price dropped $8.85 to $1,397.60 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
