U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February, the Conference Board survey showed, reflecting growing American anxiety over the economic impact of President Donald Trump's policies. At the same time consumers' average inflation expectations rose to 6%, the highest since May 2023. Interest-rate futures contracts are now pricing in a more than 70% chance that the Fed will reduce its policy rate by a quarter of a percentage point at its June meeting, to a range of 4.00%-4.25%, and cut it again as soon as September.

A drop in the February report on consumer confidence sent U.S. equities lower at midday.

Prices for office buildings will likely bottom sometime in 2025, one analyst told Business Insider.

Zoom Communications gave soft guidance as more employers move away from allowing workers to have hybrid work schedules.

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Hims & Hers stock tumbled after the company confirmed it would stop selling some compounded weight-loss drugs.

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GameStop has a unique opportunity to redefine itself as a market leader with its nearly $5 billion cash reserve, the letter said.