Stock Market Update
28-Feb-25 08:34 ET
Econ data update
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +22.00. Nasdaq futures vs fair value: +48.00.
Personal income rose 0.9% in January (Briefing.com consensus 0.3%) and personal spending declined 0.2% (Briefing.com consensus 0.3%).
The PCE Price Index was up 0.3% month-over-month in January (Briefing.com consensus 0.3%) and the core-PCE Price Index was up 0.3% month-over-month (Briefing.com consensus 0.3%).
The initial reaction in equities has been positive. The S&P 500 futures are up 22 points and are trading 0.3% above fair value, the Nasdaq 100 futures are up 48 points and are trading fractionally 0.2% fair value, and the Dow Jones Industrial Average futures are up 233 points and are trading 0.4% above fair value.
