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Barchart
Barchart
Rich Asplund

Stocks Move Lower as US CPI Report is Stronger Than Expected

United States Barclays Florida Hurricane

The S&P 500 Index ($SPX) (SPY) today is down by -0.33%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.42%.

Stocks today are moderately lower after US Sep consumer prices rose more than expected.  Also, signs of a weakening labor market are weighing on stocks after US weekly initial 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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