News, Sports, Entertainment

US stocks are falling on producer price data


Wall Street’s main indices started lower today, with US bond yields surging on stronger-than-expected producer price index data, weighing on the prices of tech giants that are sensitive to interest rate movements.

The Dow Jones Industrial Average fell 64.79 points, or 0.18 percent, to 35,111.36 points, according to .

The Standard & Poor’s 500 index fell 18.14 points, or 0.44 percent, to 4,450.69 points, while the Nasdaq Composite Index fell 104.34 points, or 0.76 percent, to 13,633.65 points.

Leave A Reply

Your email address will not be published.