Major U.S. stock-indexes little changed on Monday as gains in consumer staples stocks were offset by losses in energy and technology sectors and investors digested February consumer spending data. Consumer spending rose marginally in February and overall inflation retreated - factors that may feed in to the U.S. Federal Reserve's decision on raising interest rates in 2016. A stream of recent encouraging data, including Friday's fourth-quarter U.S. GDP numbers, could embolden the Fed to raise rates sooner than expected even as central banks around the world consider more stimulus measures.
Most of Dow stocks in negative area (18 of 30). Top looser - The Boeing Company (BA, -1,08%). Top gainer - The Walt Disney Company (DIS, +1,06%).
S&P sectors mixed. Top looser - Basic Materials (-0,6%). Top gainer - Consumer goods (+0,3%).
At the moment:
Dow 17421.00 -18.00 -0.10%
S&P 500 2026.25 -2.25 -0.11%
Nasdaq 100 4396.25 -1.00 -0.02%
Oil 39.13 -0.33 -0.84%
Gold 1219.20 -2.40 -0.20%
U.S. 10yr 1.87 -0.03