Market Flash: Market Cautious

Breakfast Bites; A lower consumer sentiment number has tempered economic optimism with investors taking a breather this morning after the S&P 500 broke the 1400 barrier for the first time in close to 4 years

  • Consumer Price Index increased 0.4 percent, in line,  after advancing 0.2 percent in January. Gasoline accounted for more than 80 percent of the rise in consumer prices last month.

  • Industrial Production was little changed in February, reflecting slower manufacturing due to warmer weather and a decline in mining.

  • March U.S. Michigan Consumer Sentiment came in at 74.3 vs. consensus 76.0

  • Quad witch today (index futures, market index options, stock options and stock futures expire).

  • Happy St Patrick’s Day(tomorrow) everyone!!