US stocks end lower on renewed inflation woes
US indices ended Thursday in the red amid renewed inflation woes. Although the consumer price growth slowed to its lowest pace since February 2021, the index reading exceeded expectations.
The Dow Jones Industrial Average dropped 0.15%, or 57 points, to settle at 42,454 points.
The S&P 500 index fell 0.2%, or 11 points, to 5,780 points. Meanwhile, the Nasdaq Composite Index also settled at 18,282 points.
As for European markets, the STOXX Europe 600 fell 0.2% to 519.1 points.
The British FTSE index kept flat at 8,237 points, and the German DAX index inched down 0.25%, or 44 points, to 19,210 points. The French CAC 40 index lost 0.25% to 7,541 points.
The Nikkei index rose 0.25%, or 102 points, to 39,380 points, and the broader Topix index added 0.2% to 2,712 points.
Brent crude futures for December delivery rose 3.7%, or $2.82, to $79.40 per barrel.
WTI crude for November delivery increased more than 4%, or $2.98, at $76.22 per barrel.
Regarding gold, futures prices for December delivery were up 0.5%, or $13.3, to $2,639.3 per ounce.
The 12-month Consumer Price Index measured 2.4% in September, slightly higher than expectations of 2.3% but down from 2.5% in August. On a month-to-month basis, the index climbed 0.2%, just above expectations of 0.1%.
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