Key Takeaways
- Bank Stocks Kick Off Earnings On A Positive
- War In Middle East Intensifying
- Commodity Prices Rally
Stocks were down small Thursday, following a mixed Consumer Price Index (CPI) report and ahead of the kickoff to earnings season. The S&P 500 and Nasdaq Composite both fell by 0.6%. Earlier on Thursday, the latest CPI report showed prices were up 3.7% on a year-over-year basis, which was the same as August. Core CPI, which excludes food and energy prices, was up 4.1%, down from the 4.3% reported in August. While the reported numbers do show inflation continuing to cool, the numbers were also slightly higher than had been forecast.
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