From Nasdaq:

Today, Asia-Pacific markets closed mostly lower, with gains in China’s Shanghai Composite and Hong Kong’s Hang Seng. European markets are down, and U.S. futures signal a lower start after last week’s worst performance since October. In China, February CPI rose 0.7% YoY, ending deflation since 2023, while core CPI increased by 1.2% YoY, the most since January 2022. Vehicle sales in China fell 19.9% in February. The U.S. will see the release of February Consumer Inflation Expectations today. Markets saw selling in Nvidia, Broadcom, and Microsoft, leading to a decline in tech, consumer staples, discretionary, and communications services sectors. While big tech saw losses, Etsy gained on undervalued stock appeal. Pre-market trading shows EQT Corporation as the top decliner while Seagate Technology is set to open higher. Mesoblast is up following news of FDA support for one of its products. Apple is opening a new store in Shanghai, while Delta Air Lines expects Boeing 737 MAX 10 deliveries to be delayed until 2027. The Justice Department has opened a criminal investigation into the Boeing 737 MAX issues on an Alaska Airlines flight. Goldman Sachs raises its 2024 forecast for S&P 500 buybacks. Linde plc will replace Splunk in the Nasdaq-100 Index. Reddit is expected to launch a $748 million IPO. After market close, Cavalo Growers, Casey’s General, Mission Produce, and Oracle are expected to report quarterly results. Looking ahead, upcoming economic data includes the Japan Producer Price Index, Germany Consumer Price Index, US NFIB Small Business Optimism Index, Consumer Price Index, Treasury Budget and more.



Read more at Nasdaq:: Daily Markets: Waiting for February Inflation Data