U.S. Stocks May Lack Direction As Traders Digest Latest Data
AppleApple(US:AAPL) RTTNews·2025-09-11 12:53

Economic Data Impact - U.S. consumer prices rose by 0.4% in August, exceeding expectations of 0.3% and up from 0.2% in July [2] - The annual rate of consumer price growth accelerated to 2.9% in August from 2.7% in July, aligning with economist estimates [2] - Core consumer prices, excluding food and energy, increased by 0.3% in August, matching July's increase and expectations [3] - The annual rate of core consumer price growth remained unchanged at 3.1% [3] Jobless Claims - Initial jobless claims rose to 263,000, an increase of 27,000 from the previous week's revised level of 236,000, contrary to expectations of a decrease [4] - This marks the highest level of jobless claims since October 2021 [4] Stock Market Performance - The S&P 500 rose by 19.43 points (0.3%) to 6,532.04, while the Nasdaq increased by 6.57 points (less than 0.1%) to 21,886.06 [6] - The Dow Jones Industrial Average fell by 220.42 points (0.5%) to 45,490.92, impacted by declines in Apple, Salesforce, and Amazon [6] Global Market Trends - Mixed performance in Asia-Pacific markets with Japan's Nikkei 225 up by 1.2% and China's Shanghai Composite up by 1.7%, while Hong Kong's Hang Seng Index fell by 0.4% [7] - European markets showed positive movement with the French CAC 40 up by 0.9%, the U.K.'s FTSE 100 up by 0.5%, and the German DAX up by 0.3% [7] Commodity Prices - Crude oil futures decreased by $0.79 to $62.88 per barrel after a previous increase [8] - Gold futures slipped by $3.60 to $3,678.40 per ounce [8] Currency Exchange Rates - The U.S. dollar traded at 147.56 yen, up from 147.46 yen, and at $1.1704 against the euro, compared to $1.1695 previously [9]