The U.S. stocks ended a choppy trading session yesterday and remained low for a third straight session as investors considered hotter-than-expected inflation data for June. The S&P 500 slipped 0.5%, while the Dow Jones Industrial Average and the Nasdaq Composite closed roughly 0.7% and 0.2% lower, respectively.
The Bureau of Labor Statistics' Consumer Price Index (CPI) reflected a year-over-year increase of 9.1% last month, up from the prior 40-year high of 8.6% in May and above the 8.8% Dow Jones estimate.
