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BackThe New York stock market falls due to higher-than-expected inflation... Nasdaq 0.7%↓
The New York stock market falls due to higher-than-expected inflation... Nasdaq 0.7%↓
BREAKING
연합뉴스47 minutes agoBusiness1 min readSouth KoreaView original

The New York stock market falls due to higher-than-expected inflation... Nasdaq 0.7%↓

New York Stock ExchangeDow Jones 30S&P 500

Quick Look

  • The New York stock market fell all at once due to the higher-than-expected October price index.
  • The Dow Jones Industrial Average fell 0.30%, the S&P 500 Index fell 0.38%, and the Nasdaq Composite Index fell 0.74%.
  • Nvidia fell more than 5.5%.

AI-generated summary

Why It Matters

The New York stock market fell on the 10th (local time) due to the October price index, which exceeded market expectations. The Dow Jones Industrial Average closed at 52,231.89, down 157.86 points (0.30%) from the previous day. The S&P 500 index closed at 7,520.93, down 29.01 points (0.38%), and the Nasdaq composite index closed at 25,065.87, down 187.26 points (0.74%).

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On the 10th (local time), the New York stock market fell due to the October price index, which exceeded market expectations.

On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 52,231.89, down 157.86 points (0.30%) from the previous day.

The Standard & Poor's (S&P) 500 Index closed at 7,520.93, down 29.01 points (0.38%) from the previous day, and the Nasdaq Composite Index closed at 25,065.87, down 187.26 points (0.74%).

The U.S. consumer price index (CPI) for October announced on this day rose 0.4% compared to the previous month, and the core CPI excluding highly volatile energy and food rose 0.3%, exceeding expectations.

It has been confirmed that inflationary pressures remain high, and caution has spread about the Federal Reserve's December interest rate hike.

The selling trend centered on technology stocks was noticeable, with Nvidia falling more than 5.5% due to the scandal investigation related to CEO Jensen Huang and concerns over export restrictions to China.

What to Watch

AI outlook — possibilities, not facts

  • The Federal Reserve is likely to raise interest rates in December.

    Possible · Within months

Open Questions

  • Will the Federal Reserve raise interest rates in December?
  • NVIDIA CEO scandal investigation results
  • Possibility of strengthening export regulations to China

Related Topics

New York Stock Exchange
PeopleJensen Huang
Organizationsfederal reserve systemnvidia
Placesunited statesnew york
TopicsDow Jones 30S&P 500Nasdaqconsumer price indexfederal reserve systemnvidia
This article was originally published by 연합뉴스.

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