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Trials frontier energy core11/19/2023 ( DOW) dropped 1.5% along with a 0.6% decline in the materials sector. Shares of 3M ( MMM) plunged more than 5.7% after its CEO said he saw 2024 being a “slow growth environment,” and forecasted weakness ahead for its electronics and consumer segments.Ĭonstruction equipment maker Caterpillar ( CAT) declined 2.1% amid a 0.7% drop in the industrials sector. Shares of Walgreens Boots Alliance ( WBA) increased by 0.8%, its second day of gains following seven straight losing sessions. Honeywell ( HON) gained 1.3%, marking four straight winning sessions for the conglomerate, while Goldman Sachs ( GS) moved up 1.2%. Army placed an order for VR headsets that could lead it to pay Microsoft $22 billion over a decade for training goggles and services. Microsoft ( MSFT) shares gained 1.3% after the U.S. Stocks fell yesterday after Apple's ( AAPL) iPhone 15 release failed to impress investors and the Justice Department's antitrust case against Google ( GOOG)-the biggest case against big tech in decades-went to civil court.Īfter initially shrugging off August’s bigger price increases, the Dow Jones Industrial Average slipped into the red this afternoon and declined 0.2%, or about 70 points, falling for the second straight session. However, the annual core inflation rate fell to 4.3% from 4.7% last month. Core inflation, which excludes volatile food and energy prices, rose 0.3% last month, a slight uptick from July's reading of 0.2%. The index has risen 3.7% in the last 12 months, up from 3.2% in July. The Consumer Price Index (CPI) rose 0.6% in August, an increase that can primarily be attributed to rising energy prices. ![]() The Dow Jones Industrial Average fell for the second day in a row and closed 0.2% lower. The Nasdaq eked out a 0.3% gain, while the S&P 500 inched up 0.1%. ![]() stocks ended the day mixed Wednesday after inflation data showed price increases accelerating in August, giving the Fed reason to keep its options open for another rate hike this year. 14, 2023): For today's live market coverage, see here.
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