Evening Market Recap - Tuesday, 20-Feb
FEB 20
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US equities finished lower in fairly quiet Tuesday trading, though the equal-weight S&P held up better than the official index. Small-caps more than erased last week's gains. Today saw a lot of drag from NVDA ahead of its earnings, a dynamic that weighed on the broad semi space. Came after market leaned risk-off last week with the hotter-than-expected CPI and PPI prints driving another hawkish repricing of Fed pivot expectations. Fairly quiet week ahead form a macro perspective though FOMC minutes are out on Wednesday afternoon and Thursday brings a flurry of Fedspeak.

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