U.S. stocks fell as August producer prices rose 5.4% year-over-year. Oil jumped 4%, while Asian and European markets were mixed to lower.
U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 200 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.30% to 52,223.08 while the NASDAQ dipped 0.94% to 26,005.96. The S&P 500 also fell, dropping, 0.58% to 7,592.06.
Leading and Lagging Sectors
Consumer staples shares jumped by 0.9% on Thursday.
In trading on Thursday, materials stocks fell by 1.4%.
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Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks open lower as inflation data lifts rate hike bets, oil tops $100 - The Economic Times
Dow, S&P 500 and Nasdaq fall for third straight day as oil prices hit $101
US stocks opened lower on Thursday after August producer prices strengthened expectations of a possible Federal Reserve rate hike…
