NEW YORK—A frigid February for Wall Street closed out with more losses on Tuesday.
The S&P 500 fell 0.3 percent to lock in a loss of 2.6 percent for the month. The Dow Jones Industrial Average fell 232 points, or 0.7 percent, while the Nasdaq composite slipped 0.1 percent. Both also sank over the month.
After a strong start to the year bolstered by hopes that inflation was on the way down, Wall Street shifted into reverse in February. A stream of data showed inflation and the overall economy are remaining more resilient than expected. That’s forced investors to raise their forecasts for how high the Federal Reserve will take interest rates and how long it will keep them there….