The market pulled lower quickly after the open as consumer sentiment fell across the board, while year-ahead inflation expectations jumped.
The Dow was down 78 points, or 0.2%, the S&P 500 was lower by 0.4%, while the Nasdaq was down 0.8%. All three indexes had started their day in positive territory.
Investors took note of the Michigan consumer sentiment index for February that showed a pervasive decline in mood within surveyed Republicans, Independents, and Democrats. Each group, across age and wealth groups, feels worse off than the prior month.
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