SME Times is powered by   
Search News
Just in:   • France, Dassault Aviation contradict Hollande on Rafale's Indian partners  • US sanctions Chinese military for buying Russian weapons  • NDA government dares to take decisions, others don't: Modi on triple tala  • PNB fraud: Mehul Choksi seeks cancellation of NBW over threat to life on TV  • Modi to launch Ayushman Bharat on Sunday 
Last updated: 14 Mar, 2018  

NYSE.Border.Thmb.jpg US stocks tick down amid economic data

NYSE.9..jpg
   Top Stories
» Modi to launch Ayushman Bharat on Sunday
» 'Serbia, Malta, Romania express admiration for India's growth'
» Paryatan Parv celebrations in full swing throughout country
» FICCI, EU body organize clean energy event
» Govt's heavy-handed approach hits exports credit: Chidambaram
IANS | 14 Mar, 2018
US stocks reversed early gains to end lower on Tuesday as investors digested the newly released consumer price data.

The Dow Jones Industrial Average was down 171.58 points, or 0.68 per cent, to 25,007.03. The S&P 500 fell 17.71 points, or 0.64 per cent, to 2,765.31, Xinhua news agency reported.

The Nasdaq Composite Index dropped 77.31 points, or 1.02 per cent, to 7,511.01.

The Consumer Price Index (CPI) for all urban consumers increased 0.2 per cent in February on a seasonally adjusted basis, in line with market consensus, the US Labor Department reported on Tuesday.

Over the last 12 months, the all items index rose 2.2 per cent before seasonal adjustment.

The index for all items less food and energy increased 0.2 per cent in February, and it rose 1.8 per cent over the past 12 months, the same figure as the prior two months.

"Commodity inflation is tame, as is evident in food, fuel and auto prices. But some services, especially energy services and insurance, are keeping inflation going. Inflation was in line with expectations this morning, but the core is nonetheless creeping back toward the Fed's target," said Chris Low, chief economist at FTN Financial, in a note.

Investors also kept a close eye on the replacement of the country's secretary of state. Trump announced Tuesday on his Twitter that Rex Tillerson will no longer serve as secretary of state, and he will be replaced by Central Intelligence Agency (CIA) Director Mike Pompeo.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 23 Sep, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(5)
» Letter of Credit - a safe and secure payment mode?(2)
» GeM mission launched to promote MSMEs, start-ups: Prabhu(1)
» Collateral free loans available for MSMEs: Minister(1)
» Govt clarifies on e-way bill requirement for exports consignment(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter