Dow closes in the red after report finds inflation rose in September
Summary
The Dow Jones stock market index fell after a government report showed that inflation increased by 3.7% in September compared to last year. The rise in inflation was mainly due to higher energy prices.Key Facts
- Inflation went up 3.7% in September from a year earlier.
- Higher energy costs were the main reason for the inflation rise.
- The Dow Jones stock market index closed lower following the report.
- The inflation report was released by the U.S. government.
- Inflation measures the increase in prices for goods and services over time.
- Rising inflation can affect the stock market and the economy.
- CBS News provided analysis and coverage related to this news.
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