U.S. stocks were subdued on the final trading day of February, leaving each of the three major indexes poised to close with monthly declines, as investors continue to assess the likelihood of high interest rates for an extended period of time. After a strong performance in January, stocks retreated in February as economic data and comments from U.S. Federal Reserve officials forced market participants to recalibrate the odds the central bank would hike rates and keep them elevated more than was initially expected.
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