2023-10-12 20:25:00
© Archyde.com. Traders during trading on the New York Stock Exchange on August 15, 2023. Photograph: Brendan McDermid – Archyde.com.
(Archyde.com) – Wall Street’s main indexes fell at the close on Thursday following an auction of US Treasury bonds sent yields higher, while investors were already digesting data that showed consumer prices rose more than expected in September.
Rising housing costs pushed consumer prices higher last month, while the annual increase in core inflation, excluding volatile food and energy components, was the smallest in two years.
According to preliminary data, the Standard & Poor’s 500 index fell by 27.50 points, or 0.63 percent, to 4,349.45 points, while the Nasdaq Composite index lost 85.46 points, or 0.63 percent, to 13,574.22 points. The industrial index fell 173.77 points, or 0.51 percent, to 33,631.10 points.
(Prepared by Ali Khafaji for the Arabic Bulletin)
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