Wall Street
US stock indices closed lower on Wednesday, in the wake of a report showing that Americans borrowed more than ever with credit cards in the previous quarter, and on the eve of inflation data that may influence the US Federal Reserve’s interest rate decisions.
The US consumer price index for July is expected to rise slightly year-on-year on Thursday, and to rise 0.2 percent month-on-month as in June.
stock movements
According to preliminary data, the “Standard & Poor’s 500” index fell 31.47 points, or 0.70 percent, to 4,467.91 points.
The Nasdaq Composite Index lost 162.31 points, or 1.17 percent, to 13,723.96 points.
The Dow Jones Industrial Average decreased by 186.92 points, or 0.53 percent, to 35,127.57 points.
2023-08-09 22:18:55
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