📰 Dow falls 162 points as hotter US inflation fuels fears of Fed rate hikes
US stocks closed lower on Tuesday as hotter-than-expected inflation data strengthened expectations of a Federal Reserve rate increase in December and raised concerns about a more aggressive tightening cycle. The Consumer Price Index (CPI) rose 0.4% in October, exceeding economists' expectations of a 0.3% increase. It marked the third consecutive monthly gain of at least 0.4%, following a 0.6% rise in September. Core CPI, which excludes food and energy, also increased 0.3%, above forecasts of 0.2%. The Dow Jones Industrial Average fell 161.95 points, or 0.31%, to 52,227.80. The S&P 500 declined 0.38% to 7,521.48, while the Nasdaq Composite lost 0.74% to close at 25,067.23. Inflation data strengthens expectations of Fed rate hikes The inflation report reinforced expectations that the…
Source : Invezz
Time : 2026-11-10 21:28:20
Credit : ananthu c u
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US stocks closed lower on Tuesday as hotter-than-expected inflation data strengthened expectations of a Federal Reserve rate increase in December and raised concerns about a more aggressive tightening cycle. The Consumer Price Index (CPI) rose 0.4% in October, exceeding economists' expectations of a 0.3% increase. It marked the third consecutive monthly gain of at least 0.4%, following a 0.6% rise in September. Core CPI, which excludes food and energy, also increased 0.3%, above forecasts of 0.2%. The Dow Jones Industrial Average fell 161.95 points, or 0.31%, to 52,227.80. The S&P 500 declined 0.38% to 7,521.48, while the Nasdaq Composite lost 0.74% to close at 25,067.23. Inflation data strengthens expectations of Fed rate hikes The inflation report reinforced expectations that the…
Source : Invezz
Time : 2026-11-10 21:28:20
Credit : ananthu c u
#stock_market
Share your opinion in the comment section below