U.S. stocks opened sharply lower Tuesday as investors reacted to a stronger-than-expected inflation reading for August. The Dow Jones Industrial Average DJIA, -2.31% dropped more than 500 points, or 1.7%, soon after the opening bell, while the S&P 500 SPX, -2.64% fell 2.2% and the technology-heavy Nasdaq Composite COMP, -3.29% dropped 2.9%, according to FactSet data, at last check. The U.S.
Bureau of Labor Statistics reported Tuesday that the consumer price index showed U.S. inflation rose 0.1% in August for an annual rate of 8.3%. Economists polled by The Wall Street Journal had forecast that CPI data would show a 0.1% drop in August. So-called core inflation, which excludes food and gas prices, rose 0.6% last month.
Actually the market is up 50 points on the Dow at the moment
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »