8/19/2015, 4:43 PM (Source: TeleTrader)
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U.S. equities decline as Consumer Price Index rises 0.1% in July

U.S. equities declined at open Wednesday as Consumer price index rose 0.1% in July. The Dow Jones Industrial Average weakened by 147 points (0.85%) to 17,361, while the S&P 500 lost 15 points (0.68%) to 2,082.87. The Nasdaq Composite Index declined by 33 points (0.64%) to 5,026. The U.S. oil dropped to $42.20 per barrel. Lowe's published $1.20 earnings per share for the second quarter, lower than estimated, while Target Corp beat the expectations with its quarterly earnings. The food index went up by 0.2% in July, while the energy index edged up by 0.1%. The index for all items less food and energy increased by 0.1% in July.

Breaking the News / NP