Markets

Wall Street edges down

2022-08-15 14:46:12 GMT (Economies.com)

US stock indices edged lower on Monday as investors continue to assess latest inflation data. 

 

US consumer prices slowed down in July, which might nudge the Fed to reconsider its policy approach. 

 

Otherwise, latest Chinese data showed retail sales and industrial output rose less than expected last month, while China's central bank cut down the main lending interest rates unexpectedly. 

 

Dow Jones steadied at 33,765 as of 14:06 GMT, while NASDAQ stabilized at 13,050, as S&P 500 slipped 0.1% to 4274. 

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