CPI Reflects Smallest Gain Since June - Adviser Investments

CPI Reflects Smallest Gain Since June

Chris Hagan, vice president at Adviser Investments, has the market analysis for Thursday, October 11. Both the Dow Jones Industrial Average and S&P 500 dropped 2.1%, and the NASDAQ fell 1.3%. Energy stocks saw the greatest decline, with oil down 3% after the Energy Information Administration announced a larger-than-expected rise in domestic crude inventories. Meanwhile, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) for September, revealing that consumer prices rose less than forecast for the smallest monthly increase since June.

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