The Club's 10 things to watch Friday, Feb. 28
1. Stock futures rose after the Federal Reserve's favorite measure of inflation rose in line with expectations. The personal consumption expenditures index for January increased 0.3% month over month and 2.5% year over year. It's a decent number, but you're going to need at least a couple of more trending lower before the Fed cuts rates again
2. Tariff uncertainty continues to plague the market. China vows retaliation to President Donald Trump's plan to put an additional 10% tariff on imported goods from the country. The rapidly evolving trade policy is making it harder to forecast earnings, and a lot of momentum trades have faded, including bitcoin, which traded below $82,000 this morning.
3. Dell Technologies shares fall after missing revenue estimates and issuing softer-than-expected quarterly guidance. The server maker expects to ship $15 billion AI systems this year, up from $10 billion in fiscal 2025.
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