How major US stock indexes fared Tuesday 2/28/2023

Stocks drifted to a weak close on Wall Street, closing out a rocky February. The S&P 500 lost 0.3% Tuesday, and the Dow Jones Industrial Average and the Nasdaq composite also fell. Treasury yields were mixed. After a hot start to the year bolstered by hopes that inflation was on the way down, the stock market shifted into reverse this month. A stream of data showed that inflation and the overall economy remain more resilient than expected. That’s forced investors to raise their forecasts for how high the Federal Reserve will take interest rates.