The Consumer Price Index showed prices at the consumer level were down 0.1% in June month-over-month, matching the forecast of economists, after falling 0.2% in May. Meanwhile, the core rate, which strips out food and energy, rose 0.2% in June after rising 0.1% in May, just above the estimate of a 0.1% increase.
The preliminary University of Michigan’s Consumer Sentiment Index fell more than forecast, deteriorating from 76.0 in June to 66.5 for July, well below the decline to 74.0 that was expected. This was the lowest reading since August 2009.
More from Bloomberg...
The Dow Jones Industrial Average fell 261 points (2.5%) to close at 10,098, the S&P 500 Index lost 32 points (2.9%) to finish at 1,065, and the Nasdaq Composite declined 70 points (3.1%) to 2,179. Crude oil fell $0.78 to $75.84 per barrel, while the Bloomberg gold spot price declined $15.15 to $1,193.10 per ounce. For the week, including dividends, the DJIA fell 1.0%, the S&P 500 Index lost 1.2%, and the Nasdaq Composite declined 0.8%.
Magnificent Seven Update
Weekly Analysis Of Magnificent Seven ETFs
Daily Update Of Open Positions...Stocks & ETFs
