The Chicago Entrepreneur

: U.S. stocks close lower, S&P 500 ends February with biggest monthly loss since December

U.S. stocks closed lower Tuesday, with the S&P 500 finishing February with the worst monthly performance since December amid heightened worries over sticky inflation. The Dow Jones Industrial Average DJIA closed 0.7% lower Tuesday, while the S&P 500 SPX fell 0.3% and the technology-heavy Nasdaq Composite COMP edged down 0.1%, according to preliminary data from FactSet. For the month, the Dow shed 4.2%, while the S&P 500 slid 2.6% and the Nasdaq slipped 1.1%, preliminary FactSet data show. Stocks sold off in February after bond-market concerns over stubbornly high inflation sparked a rise in Treasury yields. Information technology was the sole sector of the S&P 500 to finish the month in the green, up around 0.3%.

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