Dow Jones, S&P 500, Nasdaq: Wall Street in the red – oil prices and inflation data weigh heavily
The major US stock market indexes are falling again. On Wall Street, the increase in producer prices in August is fueling speculation about an imminent interest rate hike by the Fed.
US stock markets continued to decline on Thursday, with the Dow Jones falling 0.6% to 52074 points, S&P 500 down 0.5% to 7598 points, and Nasdaq Composite dropping 0.4% to 26137 points. The decline was attributed to the release of new producer price data for August, which dampened investor sentiment. Meanwhile, oil prices rose, with Brent crude exceeding $107 per barrel, after an Iranian Revolutionary Guard commander stated that Tehran was ready for "blitz offensives" to defend its territory. The price of US WTI crude also increased, rising 4.5% to above $100 per barrel.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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