Stocks quoted in this article:
This morning, the Labor Department released the September Consumer Price Index (CPI) results. Overall, consumer prices rose by 0.2 percent, down significantly from the 0.5-percent advance in September. The results were in line with Wall Street expectations.
The core index, which excludes the volatile food and energy sectors, also matched estimates with an advance of 0.2 percent. This morning's news did not help the broader markets, which already looked to open lower. Currently, the December S&P 500 Index futures contract (SP/Z0 – 1391.50) is off by six points.