Stock Market Today: Dow Drops as Brief Boost From CPI Data Fades
A slower-than-expected measure of inflation released Tuesday morning provided stocks with a quick but ultimately fleeting lift.
The Labor Department reported that August's headline consumer price index grew 0.3% month-over-month (0.4% expected) and 5.3% year-over-year (5.3% expected); both figures came in slightly slower than July's consumer-price growth.
Core CPI, which backs out the volatile measures of energy and food, also came in under estimates, at 4.0% growth in August versus 4.2% expected
Last month's consumer price index included notable drops in items such
