S&P 500 dropped 3.1 percent last week, logging in its worst weekly per….

S&P 500 dropped 3.1 percent last week, logging in its worst weekly performance since September. The Dow fell 2.4 percent and the Nasdaq Composite lost 3.5 percent. Wall Street has continued to see selling pressure amid uncertainty hanging around due to Trump’s tariff and negotiations. The New York Fed’s consumer expectations survey is set for later today, while the University of Michigan’s consumer sentiment reading arrives on Friday. Inflation data will also take center stage, with the February consumer price index due Wednesday and the producer price index following on Thursday. This comes after February’s nonfarm payrolls missed expectations, with only 151,000 jobs added versus the projected 170,000. Meanwhile, the unemployment rate edged up to 4.1percent, sparking fears of a labor market slowdown. The release of these economic datapoints have added to caution among investors, pushing Dow Jones, S&P500 and Nasdaq 100 futures around 1 percent each. This follows a volatile session on Friday, amid concerns over US tariff measures and their likely adverse economic impact.

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