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Stock market declines as October consumer inflation exceeds expectations

The Motley Fool +2 · ·by G4L

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  1. 1The 0.4% rise in the October Consumer Price Index exceeded the 0.3% expected by economists in October.
  2. 2Employers added 165,000 jobs in October.
  3. 3The S&P 500 index closed down 0.4%.

So what's the key point?

Prices rose by 0.4%, which was higher than what experts expected. As job numbers also increased, the S&P 500 index fell by 0.4%.

Source The Motley Fool +2 · View original ↗

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