Dow Jones Industrial Average futures were up 117 points, or 0.4%. S&P 500 futures were also up 0.4%, and Nasdaq 100 futures gained 0.3%. At 8:30 a.m. ET, all ...
and is one of the last pieces of data the Federal Reserve will see ahead of its September meeting. In the meantime, Ma recommends investors look for defensive stocks with low volatility, high dividends and share repurchase yields. The Office for National Statistics attributed the change to a rise in long-term sickness designations and students leaving the jobs market. "However, incoming economic data over the coming weeks and months and its influence on policy actions next year could play a much more significant role in shaping stock direction over the intermediate term." stock futures were higher Monday night as Wall Street looks ahead to the August consumer price index report set to be released Tuesday morning. A consumer price index report Tuesday that's in-line with expectations may also not move the needle." The S&P 500 rose close to 1.1%, and the Nasdaq Composite added about 1.3%. On a year-over-year basis, the index is expected to show an 8% increase โ down slightly from the previous month. "We believe we are not there yet in either regard." stocks rose Monday](https://www.cnbc.com/2022/09/11/stock-futures-rise-as-wall-street-looks-ahead-to-key-inflation-data-.html), continuing a relief rally that began last week when all three major averages snapped [three-week slumps](https://www.cnbc.com/2022/09/08/stock-market-futures-open-to-close-news.html). 20-21 meeting, where they're expected to deliver their third consecutive 0.75 percentage point interest rate hike to tamp down inflation. Dow Jones Industrial Average futures were up 117 points, or 0.4%.
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U.S. stocks fell sharply at the market open after August inflation data came in hotter than expected.
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U.S. consumer prices rise more than expected in August · Traders price in a small chance of 100 bps rate hike · Indexes down: Dow 1.87%, S&P 2.30%, Nasdaq 3.07%.
The small cap Russell 2000 index [(.RUT)](https://www.reuters.com/quote/.RUT) dipped 2.9%. But now, it seems like the destination is now a little bit more in question," said Brian Jacobsen, senior investment strategist, Allspring Global Investments. [(.SPXBK)](https://www.reuters.com/quote/.SPXBK) dropped 2.8%. 20-21 meeting, while expecting rates to peak at around 4.28% in March 2023. [(.DJI)](https://www.reuters.com/quote/.DJI) was down 848.07 points, or 2.62%, at 31,533.27, the S&P 500 [(.SPX)](https://www.reuters.com/quote/.SPX) was down 122.57 points, or 2.98%, at 3,987.84, and the Nasdaq Composite [(.IXIC)](https://www.reuters.com/quote/.IXIC) was down 470.90 points, or 3.84%, at 11,795.51. [(.VIX)](https://www.reuters.com/quote/.VIX), also known as Wall Street's fear gauge, rose to 25.74 points. [(AAPL.O)](https://www.reuters.com/companies/AAPL.O), Microsoft Corp [(MSFT.O)](https://www.reuters.com/companies/MSFT.O) and Tesla Inc [(TSLA.O)](https://www.reuters.com/companies/TSLA.O) dropped 4.1% each, while Alphabet Inc [(GOOGL.O)](https://www.reuters.com/companies/GOOGL.O), Amazon.com Inc [(AMZN.O)](https://www.reuters.com/companies/AMZN.O) and Meta Platforms Inc [(META.O)](https://www.reuters.com/companies/META.O) slid between 4.8% and 7.4%. Excluding the volatile food and energy components, core CPI increased to 6.3% from 5.9% in July. [(.SPLRCL)](https://www.reuters.com/quote/.SPLRCL). [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) [(.IGX)](https://www.reuters.com/quote/.IGX), which houses rate-sensitive technology and growth shares, fell 3.8% as Treasury yields rose, while its value counterpart [(.IVX)](https://www.reuters.com/quote/.IVX) lost 2.2%. [read more](/markets/us/monthly-us-consumer-prices-unexpectedly-rise-august-core-inflation-picks-up-2022-09-13/)
Investors, analyst and economists alike received a harsh reality check on Tuesday as inflation for the month of August topped expectations and sent US ...
The S&P 500 Index slumped as much as 2.7%, putting it on track to snap its longest winning streak in more than two months, while the tech-heavy Nasdaq 100 Index sank 3.6%. Stocks had rallied in recent days as economists anticipated Labor Department data would show another sizable deceleration in US consumer price growth. Investors, analyst and economists alike received a harsh reality check on Tuesday as inflation for the month of August topped expectations and sent US stocks tumbling by the most more than two weeks.
NEW YORK (Reuters) -- Wall Street tumbled in a broad sell-off on Tuesday after hotter-than-expected inflation data dashed hopes that the Federal Reser.
"The Fed has increased [interest rates] by 3 full percentage points in the last six months," Nolte said. "And that's an anathema to equities." But we will feel it." The report points to "very persistent inflation and that means the Fed is going to remain engaged and raise rates," Nolte added. NEW YORK (Reuters) -- A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months.
The two key gauges from the Cleveland Fed are the median CPI and the trimmed-mean CPI. The former represents the one-month inflation rate of the component whose ...