US stocks move lower after higher than expected US CPI ...Middle East

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The major US stock indices are moving lower at the open after the higher-than-expected CPI data disappointed. Yields have moved higher with the 10 year now up 10.1 basis points at 4.271%. The 2-year is up 12.4 basis points at 4.594%The NASDAQ is leading the way to the downside with the decline currently at about -1.80% (there has been some buy on the open). The S&P index is down over 1%.A snapshot of the market 8- minutes into the open is showing:Dow Industrial Average -367.04 points or -0.95% at 38430.35S&P index is down -59.73 points or -1.19% at 4962.10NASDAQ and is down -279.60 points or -1.75% at 15662.95.The Russell 2000 - which tends to be sensitive to higher rates - is down -58.47 p

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Last updated : 13 February 2024 clock 05:56 PM

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