IONM - US Stocks Edge Lower; Inflation Rate Slows to 3.1% In November | Benzinga
U.S. stocks traded slightly lower this morning, following the release of inflation data on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.04% to 36,389.01 while the NASDAQ fell 0.18% to 14,406.14. The S&P 500 also fell, dropping, 0.27% to 4,610.13.
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Leading and Lagging Sectors
Industrials shares rose by 0.8% on Tuesday.
In trading on Tuesday, communication services shares fell by 1.5%.
Top Headline
The annual inflation rate in the U.S. eased to 3.1% in November, recording the lowest reading in five months, compared to 3.2% in October.
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