Tags: US | Wall | Street

Stocks Drop After Inflation Data

Tuesday, 15 December 2009 10:49 AM EST

Stocks are lower in early trading after after wholesale inflation rose more than expected in November, led by surge in energy costs.

The increase will likely be discussed as Federal Reserve policymakers begin a two-day meeting on interest rates Tuesday. The Fed is expected to keep rates unchanged.

Stocks have fallen overseas as the dollar rose against the euro amid continuing worries about Greece's debts and the financial health of Austria's banks.

The Dow Jones industrial average is down 34.76, or 0.3 percent, at 10,466.29, the Standard & Poor's 500 index is down 4.79, or 0.4 percent, at 1,109.32, and the Nasdaq composite index is down 8.31, or 0.4 percent, to 2,203.79.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


FinanceNews
Stocks are lower in early trading after after wholesale inflation rose more than expected in November, led by surge in energy costs.The increase will likely be discussed as Federal Reserve policymakers begin a two-day meeting on interest rates Tuesday. The Fed is expected...
US,Wall,Street
112
2009-49-15
Tuesday, 15 December 2009 10:49 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved