U.S. stocks traded lower this morning, with the Dow Jones index dipping over 100 points on Friday.Following the market opening Friday, the Dow traded down 0.28% to 48,933.32 while the NASDAQ fell 0.28% to 23,619.57. The S&P 500 also fell, dropping, 0.24% to 6,952.62.Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 EarningsLeading and Lagging SectorsConsumer staples shares gained by 0.2% on Friday.In trading on Friday, materials stocks fell by 1.4%.Top HeadlineVerizon Communicati ...

Core Insights - Inflation increased to 2.9% annually in August, up from 2.7% in July, aligning with economist expectations [1] - Month-over-month, prices rose by 0.4% in August, compared to a 0.2% increase in July, driven by higher gasoline and food prices [2] - Core inflation remained steady at 3.1% year-over-year, with a monthly increase of 0.3%, matching July's performance [2] Federal Reserve Implications - The Federal Reserve is considering its next interest rate move, with markets anticipating a quarter-point cut despite rising prices [3] - The likelihood of a larger half-point reduction has increased due to revisions indicating the US economy added 911,000 fewer jobs than previously reported [4] - Following the inflation report, traders are pricing in a 92% chance of a quarter-point cut and an 8% chance of a half-point cut by year-end [5] Wholesale Inflation Data - Producer prices fell by 0.1% in August, marking the first decline in four months, suggesting businesses are absorbing some tariff costs [6] - The lack of stronger price pressures indicates potential softening in domestic demand amid a weakening labor market [6]

US Treasury yields hover around their highest levels in a month as traders await data on producer prices that could provide more evidence trade tariffs are stoking inflation https://t.co/EMy0yVcXos ...