On Monday, the S&P 500 Index ($SPX) (SPY) fell by -0.29%, the Dow Inc 30 Index ($DOWI) (DIA) rose by +0.12%, and the NASDAQ 100 Index ($IUXX) (QQQ) dropped by -0.92%. The March E-mini S&P Futures (ESH25) declined by -0.41%, and the March E-mini Nasdaq Futures (NQH25) decreased by -1.11%.
On Monday, the overall market and technology stocks declined, exacerbating last Friday's significant drops of -1.71% in the S&P 500 Index and -2.06% in the NASDAQ 100 Index. The decline last Friday was influenced by negative news regarding the American economy, including a drop in the University of Michigan's US Consumer Confidence Index for February to a 15-month low of 64.7. Additionally, the University of Michigan's US 5-10 Year Inflation Expectations Index for February rose to a 29-year high of +3.5%.
On Monday, stock prices fell due to declines in most of the Magnificent Seven stocks, led by NVIDIA, Meta, Tesla, and Microsoft. The 10-year Treasury yield was down -3...

Last week saw a significant gap down on Monday, recovery throughout the week, and additional selling pressure on Friday, mirroring the previous week's trade. It was truly strange to see the exact same price fluctuations occur for two consecutive weeks. Additionally, there were earnings from major technology companies like Amazon (AMZN), Palantir (PLTR), and Advanced Micro Devices (AMD), but the employment report on Friday indicated weakness in the labor market. The S&P 500 ($SPX) (SPY) made lower highs and ended the week at -0.17%.
Here are five points to watch in the market this week.
CPI report.
The Consumer Price Index (CPI) to be announced at 10:30 PM on Wednesday (Japan time) will be the most anticipated event of the week. Following last week's Fed comments suggesting a patient attitude towards interest rate cuts, this inflation indicator becomes even more significant. The market will focus on the core CPI, especially excluding the volatile prices of food and Energy, as well as the key figures.