U.S. stocks traded lower this morning, with the Dow Jones index falling over 300 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.79% to 44,240.00 while the NASDAQ fell 0.47% to 19,551.48. The S&P 500 also fell, dropping, 0.61% to 6,031.34.
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Leading and Lagging Sectors
Health care shares fell by just 0.1% on Wednesday.
In trading on Wednesday, real estate shares dipped by 1.4%.
Top Headline
The headline Consumer Price Index rose to 3% year-over-year in data released Wednesday, up 0.1 percentage points compared to December and above median economist forecasts of 2.9%, as tracked by TradingEconomics. On a monthly basis, inflation grew by 0.5%, sharply outpacing expectations of 0.3% and accelerating from December's 0.4% gain.
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Commodities
In commodity news, oil traded down 1.5% to $72.20 while gold traded down 0.5% at $2,919.30.
Silver traded up 0.5% to $32.475 on Wednesday, while copper rose 0.6% to $4.6305.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX 40 rose 0.2% and France's CAC 40 fell 0.2%. Spain's IBEX 35 Index rose 0.9%, while London's FTSE 100 rose 0.1%.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 gaining 0.42%, China's Shanghai Composite Index rising 0.85%, Hong Kong's Hang Seng Index jumping 2.64% and India's BSE Sensex falling 0.16%.
Economics
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