US stocks fall amid doubts over Fed's next move

US stock indices fell in early trading on Friday, amid doubts about the Fed's next move after the release of mixed data.

The US US consumer price index rose less than expected, but the retail sales index rose by 0.7% in August, beating forecasts of a drop by 0.7%.

The Fed is awaiting more signs of the rising inflation rate and the economic recovery to start reducing size of its bond-buying program.

US President Joe Biden criticized the wealthy due to what he described as a massive increase in their wealth of up to $1.8 trillion, which he considers unfair.

As for stocks, Dow Jones fell 0.3% or 100 points to 34,655 as of 14:03 GMT, and S&P 500 fell 0.5% or 23 points to 4,450, while Nasdaq fell 0.5% or 83 point to 15,098.