Dow slips a 2nd day after August’s slightly hotter core-inflation reading

By Around the Web

(Image by Oleg Gamulinskiy from Pixabay)
(Image by Oleg Gamulinskiy from Pixabay)

(CNBC) — The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print.

The Dow lost 70.46 points, or 0.20%, to 34,575.53 for its second straight decline. Meanwhile, the S&P 500
was up 0.12% to 4,467.44. The Nasdaq Composite added 0.29%.

3M was the biggest laggard in the 30-stock Dow, dropping more than 5.7%. Caterpillar shares were lower by 2%. Meanwhile, Apple shares declined more than 1%, falling for a second day.

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