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- Major US stock indexes finished trading in the red
Major US stock indexes finished trading in the red
Major US stock indexes fell sharply, which was caused by a decrease in stocks of the financial sector and the industrial goods sector.
Pressure on the market also had weak inflation data for the United States. The Labor Department reported that consumer prices rose slightly in September, a sign that inflationary pressure remains under control, as a strong dollar holds import prices, while energy costs are declining. The consumer price index in September rose by 0.1% after rising in August by 0.2%. Economists had expected consumer prices to rise by 0.2%, while base prices would also rise by 0.2%. Excluding unstable food and energy categories, so-called basic consumer prices rose by 0.1%, which corresponds to the same pace as in August.
Almost all DOW components recorded a decline (29 of 30). Pfizer Inc. shares turned out to be an outsider. (PFE, -3.70%). Only shares of Microsoft Corporation (MSFT, + 0.11%) rose.
All sectors of the S & P finished trading in the red. The largest decline was shown by the financial sector (-2.1%).
At the time of closing:
Dow 25,052.83 -545.91 -2.13%
S & P 500 2,728.37 -57.31 -2.06%
Nasdaq 100 7,329.06 -92.99 -1.25%
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