U.S. stocks traded sharply lower this morning, following the release of inflation data for August
Leading and Lagging Sectors
Top Headline
The Labor Department reported an 8.3% year-over-year increase in the consumer price index for August, another sign that inflation may have peaked in June. According to data from the U.S. Bureau of Labor Statistics, the headline CPI rose 8.3% in August, down from 8.5% in July. The August CPI reading came in above average economist estimates of 8%.
Equities Trading UP
Equities Trading DOWN
Also check out: NIO, Lucid Group And Other Big Gainers From Monday
Commodities
In commodity news, oil traded down 0.4% to $87.42, while gold traded down 1.3% at $1,717.90.
Silver traded down 1.1% to $19.65 on Tuesday while copper fell 1% to $3.5760.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 1.1%, London’s FTSE 100 fell 0.8%, while Spain’s IBEX 35 Index fell 1.2%. The German DAX declined 1%, French CAC 40 fell 0.9% and Italy’s FTSE MIB Index fell 0.8%.
The annual inflation rate in Spain fell to 10.5% in August from 10.8% in the prior month, while annual inflation rate in Germany was confirmed at 7.9% during the month.
The unemployment rate in the UK declined to 3.6% in the three months to July, the lowest since 1974, while average weekly earnings including bonuses rose by 5.5% year-over-year to GBP 613 during the same period.
Economics
Check out this: Market Volatility Increases Ahead Of US Inflation Data
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 97,164,730 cases with around 1,076,050 deaths. India confirmed a total of at least 44,504,940 cases and 528,180 deaths, while France reported over 34,722,710 COVID-19 cases with 154,520 deaths. In total, there were at least 614,400,750 cases of COVID-19 worldwide with more than 6,518,290 deaths.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
