Back to Mobile View

Stocks Fall After Inflation Reading Climbs

Posted 4:15PM 12/15/09 Economy
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
7 Comments Print Text Size A A A
The stock market fell and Treasurys slipped after inflation rose faster than expected last month.


Trading was subdued Tuesday as Federal Reserve policymakers gathered for a two-day meeting on interest rates.

The Labor Department says wholesale prices jumped 1.8 percent last month, more than double the gain analysts expected.

For the day, the Dow Jones industrial average is down 49 at 10,452, falling from a 14-month high Monday. The Standard & Poor's 500 index is down 6 at 1,108. The Nasdaq composite index is down 11 at 2,201.

Three stocks fell for every two that rose on the New York Stock Exchange. Volume totaled 1.2 billion compared with 1.1 billion Monday.

Tagged: stocks

Add a Comment

*0 / 3000 Character Maximum
Newswire

Compare Mortgage Rates

Mortgage Rates by Zillow
Follow Us

Headlines From DailyFinance Partners

CNN Money
CNBC
Smart Money
Consumer Reports
Huffington Post
AOL Energy
AOL Jobs
Business News Personal Finance Investing Our Partners

DailyFinance Sitemap | Terms of Service | Privacy Policy | Trademarks | HELP | Advertise With Us

© Copyright 2012 AOL Inc. All Rights Reserved