US stocks fall in early trading after disappointing data

Economies.com
2021-09-14 14:08PM UTC

The major US stock indices opened mostly lower on Tuesday, after the release of the US consumer price data, which affects the US Federal Reserve monetary policy.

 

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%.

 

Otherwise, millions of tech enthusiasts around the world are waiting for the Apple event, through which the US company will unveil new versions of the iPhone.

 

As for stocks, Dow Jones fell 0.2% or 92 points to 34,777 as of 14:06 GMT, and S&P 500 fell 0.2% or 7 point to 4,461, while Nasdaq rose less than 0.1% or 1 point to 15,215.

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