S&P 500 ekes out gain as Dow ends lower ahead of key inflation data


U.S. stocks closed mixed Monday, showing little improvement after the Federal Reserve’s senior loan officer opinion survey on bank lending practices showed a tightening in credit conditions in the first quarter. The Dow Jones Industrial Average DJIA ended 0.2% lower, while the S&P 500 SPX edged up 0.1% and the Nasdaq Composite COMP rose 0.2%, according to preliminary data from FactSet. The Fed’s survey, released Monday afternoon, said “banks cited a less favorable or more uncertain economic outlook, reduced tolerance for risk, deterioration in collateral values, and concerns about banks’ funding costs and liquidity positions.”…

This article was originally published by Marketwatch.com. Read the original article here.

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