Dow Falls Over 100 Points; US Inflation Rate Slows To 2.4% In September

U.S. stocks traded lower this morning, with the Dow Jones index falling over 100 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.29% to 42,386.67 while the NASDAQ fell 0.43% to 18,213.22. The S&P 500 also fell, dropping, 0.37% to 5,770.79.

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Leading and Lagging Sectors

Utilities shares jumped by 0.7% on Thursday.

In trading on Thursday, industrials shares fell by 0.7%.

Top Headline

The annual inflation rate in the U.S. eased for a sixth straight month to 2.4% in September from 2.5% in the previous month, but came in above market estimates of 2.3%.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 1.1% to $74.07 while gold traded up 0.4% at $2,636.20.

Silver traded up 0.7% to $30.875 on Thursday, while copper rose 0.4% to $4.4155.

Euro zone

European shares were lower today. The eurozone's STOXX 600 slipped 0.2%, Germany's DAX slipped 0.2% and France's CAC 40 fell 0.3%. Spain's IBEX 35 Index fell 0.7%, while London's FTSE 100 fell 0.1%.

Retail sales in Germany rose 1.6% month-over-month in August compared to a 1.5% gain in July.

Asia Pacific Markets

Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 0.26%, Hong Kong's Hang Seng Index jumping 2.98%, China's Shanghai Composite Index gaining 1.32% and India's BSE Sensex rising 0.18%.

Producer prices in Japan rose by 2.8% year-over-year in September compared to a 2.6% increase in the prior month.

Economics

  • U.S. initial jobless claims rose by 33,000 from the prior week to 258,000 in the week ending October 5th, compared to market estimates of 230,000.
  • The annual inflation rate in the U.S. eased for a sixth straight month to 2.4% in September from 2.5% in the previous month, but came in above market estimates of 2.3%.

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