Major US stock indexes finished trading in the red, as the fall of the conglomerate sector and the health sector offset the support from the growth of the commodity sector.
In addition, investors analyzed inflation data for the United States. The Ministry of Labor reported that the consumer price index rose by 0.3% last month, after rising 0.1% in September. In the 12 months to October, the consumer price index rose 2.5%, rising from 2.3% recorded in September. With the exception of food and energy prices, CPI rose 0.2%. The so-called base CPI rose 0.1% for two consecutive months. Over the 12 months to October, the base consumer price index rose 2.1% after rising 2.2% in September. Economists had forecast that the consumer price index would rise by 0.3%, and the basic consumer price index - by 0.2% in October.
Most of the components of DOW recorded a drop (21 of 30). The Travelers Companies, Inc. shares turned out to be an outsider. (TRV, -2.77%). The growth leader was DowDuPont Inc. (DWDP, + 1.17%).
Most sectors of the S & P finished trading in the red. The largest decline was shown by the conglomerate sector (-0.9%). The commodity sector grew the most (+ 0.6%).
At the time of closing:
Dow 25,080.91 -205.58 -0.81%
S & P 500 2,701.63 -20.55 -0.75%
Nasdaq 100 7,136.39 -64.48 -0.90%
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