Wall Street turns lower with investors turning cautious ahead of US CPI release.
US inflation is expected to show mixed readings with levels well above the Fed’s 2% core target rate. The Dow Jones Index has found support at 38,540, although broader bias remains negative. The Dow Jones Industrial Average has dropped into negative territory during Tuesday’s US morning session. The moderate risk appetite seen during the European trading session has waned in the US, with investors taking a cautious stance ahead of Tuesday’s US CPI release.
Dow Jones Index 4-Hour Chart S&P 500 FAQs What is the S&P 500? The S&P 500 is a widely followed stock price index which measures the performance of 500 publicly owned companies, and is seen as a broad measure of the US stock market. Each company’s influence on the computation of the index is weighted based on market capitalization. This is calculated by multiplying the number of publicly traded shares of the company by the share price.
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