SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets end mostly lower on Tuesday

US markets end mostly lower on Tuesday

17 Mar 2021 Evaluate

The US markets ended mostly lower on Tuesday as traders looked ahead to the Federal Reserve’s monetary policy announcement on Wednesday. Traders will be paying close attention to any changes to the Fed’s statement as well as any revisions to the central bank’s forecasts for the economy, inflation and interest rates. Some weakness also prevailed in the markets after a Commerce Department report showing retail sales pulled back by much more than anticipated in the month of February. The Commerce Department said retail sales plunged by 3.0 percent in February after soaring by an upwardly revised 7.6 percent in January. Street had expected retail sales to dip by 0.5 percent compared to the 5.3 percent spike originally reported for the previous month. Excluding a drop in auto sales, retail sales still tumbled by 2.7 percent in February after skyrocketing by 8.3 percent in January. Ex-auto sales were expected to edge down by 0.1 percent.

Meanwhile, the Federal Reserve released a report showing an unexpected slump in US industrial production in February, with steep drops in manufacturing and mining output more than offsetting a sharp increase in utilities output. The Fed said industrial production tumbled by 2.2 percent in February after jumping by an upwardly revised 1.1 percent in January. The pullback surprised participants, who had expected industrial production to climb by 0.6 percent compared to the 0.9 percent increase originally reported for the previous month. The Fed said the severe winter weather in the south central region of the country in mid-February accounted for the bulk of the declines in output for the month.

Dow Jones Industrial Average dropped 127.51 points or 0.39 percent to 32,825.95 and S&P 500 was down by 6.23 points or 0.16 percent to 3,962.71, while Nasdaq rose 11.86 points or 0.09 percent to 13,471.57.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×