US stocks deepens losses after disappointing data

2021-09-14 21:39:33 GMT (Economies.com)
US stocks deepens losses after disappointing data

US stock indices fell on Tuesday, after the release of disappointing inflation data.

 

The US consumer price index rose by 0.3% in August, lower than forecasts of 0.4%. 

 

The core reading (excluding food and fuel prices) rose by 0.1%, lower than forecasts of 0.3%.

 

Investors are anticipating the next move of the US Federal Reserve, especially after hinting at reducing the size of its bond-buying program before the end of 2021.

 

To the oil market, WTI crude October futures rose less than 0.1% or 1 cent, and closed at $70.46 a barrel.

 

Brent November futures rose 0.1% or 9 cents, and closed at $73.60 a barrel, after breaching the $74 barrier earlier today.

 

As for stocks, Dow Jones fell 0.8% or 292 points, and closed at 34,577, and hit a day high of 34,990, and a low of 34,510.

 

S&P 500 fell 0.6% or 25 points to 4,443, after hitting a high of 4,485 and a low of 4,435.

 

Nasdaq fell 0.4% or 67 points to 15,037 points, with a high of 15,181 and a low of 15,008.

 
 
 
  Symbol Last Change Chg.%
1.1738
0.0024
0.2010%
1.3717
0.0041
0.3005%
Tadawul
11270.57
-40.58
0.36%
22.692
0.392
1.758%
73.460
2.527
3.562%
77.41
0.17
0.22%
1753.755
-3.050
0.174%
 
 
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Asia