Markets are 'shaking' before the holiday: Why your portfolio is feeling the heat today
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓US stock market indexes fell on Tuesday after the Labor Department said the Consumer Price Index increased 0.4 per cent last month.
- ✓This inflation report caused traders to worry about interest rate hikes.
- ✓Major sectors like technology dropped, while homebuilders and AI-related companies also saw their share prices fall today.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
US Stock Market indexes -- S&P 500, Nasdaq, Dow Jones, and Russell 2000 -- fell on Tuesday. This came after the Labor Department said the Consumer Price Index or CPI increased 0.4 per cent last month, its third straight gain of 0.4 per cent or more and above the 0.3 per cent estimate of economists polled by Reuters, after advancing 0.6 per cent in September.
On Tuesday, S&P 500 fell 29.01 points, or 0.4 per cent, to 7,520.93, Dow Jones Industrial Average fell 157.86 points, or 0.3 per cent, to 52,231.89, Russell 2000 fell 19.44 points, or 0.7 per cent, to 2,821.38, and Nasdaq fell 187.26 points, or 0.7 per cent, to 25,065.87.
Why is US Stock Market Down?
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.