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US stocks tick down amid economic data

IANS  |  New York 

US stocks reversed early gains to end lower on Tuesday as investors digested the newly released data.

The Dow Jones Industrial Average was down 171.58 points, or 0.68 per cent, to 25,007.03. The fell 17.71 points, or 0.64 per cent, to 2,765.31, reported.

The Index dropped 77.31 points, or 1.02 per cent, to 7,511.01.

The Index (CPI) for all urban consumers increased 0.2 per cent in February on a seasonally adjusted basis, in line with market consensus, the reported on Tuesday.

Over the last 12 months, the all items index rose 2.2 per cent before seasonal adjustment.

The index for all items less and increased 0.2 per cent in February, and it rose 1.8 per cent over the past 12 months, the same figure as the prior two months.

"Commodity is tame, as is evident in food, fuel and auto prices. But some services, especially services and insurance, are keeping going. was in line with expectations this morning, but the core is nonetheless creeping back toward the Fed's target," said Chris Low, at FTN Financial, in a note.

Investors also kept a close eye on the replacement of the country's Trump announced Tuesday on his that will no longer serve as secretary of state, and he will be replaced by (CIA)



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 03:38 IST