Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Thursday, February 28. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes fell slightly today, with the Dow Jones Industrial Average and S&P 500 down 0.3% and the NASDAQ declining 0.8%. Meanwhile, the Bureau of Economic Analysis released a better-than-expected fourth-quarter economic growth estimate (GDP) of 2.6%, and the Chicago Purchasing Managers Index rose eight points in February to reach a two-year high of 64.7. Despite event-driven news and geopolitical headlines, economic fundamentals like these continue to indicate a slow growth, not no growth, economy.
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