Wall Street's Enthusiasm Matches A DMV Waiting Room

2025-03-18 23:35:00 ET

Summary

• The S&P 500 loitered near its worst levels in today’s session, as megatech doubled down on skepticism.
• Housing starts surprised to the upside, clocking in at 1.5 million annualized units, well ahead of consensus.
• The inflationary embers continued to smolder, with import prices climbing 0.4% in February, an unpleasant surprise for those who enjoy their inflation subdued.

Investors are already nostalgic for their recent two-day winning streak - their first since February’s peak. Exhausted from that effort, the S&P 500 loitered near its worst levels in today’s session, as megatech doubled down on skepticism....

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