Consumer companies fell as concerns about rising oil futures offset a muted inflation report.
The consumer price index fell in June from a month earlier, the first such retreat since the pandemic in 2020, as drivers got a break on gasoline prices. On an annual basis consumer prices rose 3.5% in June, trending back towards Federal Reserve targets, according to the Labor Department. Gas prices are set to rebound, however, following an 11% spike in oil futures in the last two days related to fighting over control of the Strait of Hormuz.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
July 14, 2026 17:50 ET (21:50 GMT)
