SIEN - Dow Dips Over 300 Points; US Annual Inflation Slows to 3.1% In January | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones index falling over 300 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.85% to 38,468.89 while the NASDAQ fell 2.01% to 15,622.77. The S&P 500 also fell, dropping, 1.36% to 4,953.78.
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Leading and Lagging Sectors
Utilities shares rose by 1.1% on Tuesday.
In trading on Tuesday, information technology shares fell by 0.8%.
Top Headline
The annual inflation rate in the U.S. eased to 3.1% in January from 3.4% in December, but came higher than market estimates of 2.9%.
On a monthly basis, the CPI increased by 0.3%, accelerating from the expected and previous 0.2%. On a monthly basis, the core CPI increased by 0.4%.
Equities Trading UP
Ohmyhome Limited (NASDAQ: OMH) shares shot up 301% to $4.8939.
Shares of BioNexus Gene Lab Corp. (NASDAQ: BGLC) got a boost, surging 197% to $1.22.
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