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Barchart

Rich Asplund

Stocks Close Lower as US Price Pressures Persist

United States Barclays Florida Hurricane US Federal Reserve

The S&P 500 Index ($SPX) (SPY) Thursday closed down by -0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.13%.

Stocks on Thursday posted moderate losses after US Sep consumer prices rose more than expected. Also, signs of a weakening labor market weighed on stocks after US weekly unemployment claims rose more than expected to a 14-month high. However, the jobless claims data may be skewed due to Hurricane Helene, which caused a surge in claims in North Carolina and Florida.

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