Dallas Fed Manufacturing Index Fell to -8.3; SP500 Pulled Back Below 6000

On February 24, 2025, the Federal Reserve Bank of Dallas released Dallas Fed Manufacturing Index report for February. The report indicated that Dallas Fed Manufacturing Index declined from 14.1 in January to -8.3 in February, compared to analyst consensus of 18.

The report showed that Production Index decreased from 12.2 in January to -9.1 in February, while New Orders Index declined from 7.7 to -3.5.

Cost pressures grew in February as Prices Paid for Raw Materials Index increased from 17.5 to 35.0. Wages and Benefits Index declined from 20.9 to 16.7.

U.S. Dollar Index was mostly flat as traders reacted to the weaker-than-expected Dallas Fed Manufacturing Index report. Currently, U.S. Dollar Index is trying to settle below the 106.60 level. Treasury yields are moving lower, which is bearish for the American currency.

Gold remains stuck near the $2940 level as traders focus on U.S. dollar’s dynamics and take some profits off the table near historic highs.

SP500 remains under pressure after the release of the report. Currently, SP500 is trying to settle below the 5990 level. Traders continue to sell tech stocks, which is bearish for SP500.

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