Reporters reported that The Dow fell more than 200 points as investors watched the earnings release of listed companies. Starting with the big banks today (Oct. 14), at 10:15 p.m. Thai time, the Dow Jones Industrial Average stood at 29,942.00, minus 150.00, or down 0.50%.
The US Department of Commerce said that Retail sales were flat in September. Or up 0.0%, below analysts’ expectations for a 0.2% gain following gaining 0.4% in August.
Basic retail sales Sales, which exclude cars, oil, building materials and food, rose 0.4% in September following rising 0.2% in August.
The U.S. Department of Labor released its CPI index, a measure of consumer spending inflation, up 8.2 percent in September year on year. It was 8.1% higher than analysts’ expectations. And month-over-month, the CPI rose 0.4% in September, above analysts’ expectations of 0.3%, reinforcing expectations that The Federal Reserve (Fed) will continue to raise interest rates aggressively over the coming months.
