Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
US open: Stocks lower following hotter-than-expected CPI print
(Sharecast News) - Wall Street stocks were firmly in the red early on Wednesday as market participants digested a hotter-than-expected March consumer price index. As of 1515 BST, the Dow Jones Industrial Average was down 1.08% at 38,464.72, while the S&P 500 lost 0.91% to 5,162.58 and the Nasdaq Composite came out the gate 0.92% weaker at 16,155.99.
The Dow opened 418.95 points lower on Wednesday, easily extending modest losses recorded in the previous session.
Wednesday's primary focus was inflation data from the Bureau of Labor Statistics, which revealed that in seasonally adjusted terms, its consumer price index increased at a month-on-month pace of 0.4% in March. The increase was more than expected amid gains in the cost of energy, clothing and medical care services. Year-on-year, CPI was ahead by 3.5%, having risen by 3.2% during the previous month. Core CPI meanwhile was up by 0.4% over the month, against a consensus forecast for 0.3%.
"Financial markets are not going to like the above-consensus gain in the headline and core CPI," chipped in Ryan Sweet, chief US economist at Oxford Economics. "Some tightening in financial market conditions may do some of the work for the Fed, allowing it to sit on its hands potentially longer than we anticipate."
Elsewhere on the macro front, minutes from the Federal Open Markets Committee's latest policy meeting will be published at 1900 BST, with traders likely to thumb through the notes in search of any clues as to the central bank's thought process moving forward.
In the corporate space, Delta shares flew higher on the back of solid first-quarter earnings that came in ahead of expectations, while WD-40 traded lower after falling short of revenue forecasts for the second quarter.
Dow Jones - Risers
Travelers Company Inc. (TRV) $224.21 0.17% Walmart Inc. (WMT) $59.88 0.14% Chevron Corp. (CVX) $162.04 0.03% Dowdupont Inc. (DWDP) $0.00 0.00% Procter & Gamble Co. (PG) $156.13 -0.34% Merck & Co. Inc. (MRK) $126.07 -0.51% Salesforce.Com Inc. (CRM) $300.50 -0.62% Visa Inc. (V) $274.83 -0.68% Unitedhealth Group Inc. (UNH) $456.11 -0.79% International Business Machines Corporation (CDI) (IBM) $187.73 -0.83%
Dow Jones - Fallers
Walgreens Boots Alliance, Inc. (WBA) $18.33 -4.44% Home Depot Inc. (HD) $352.10 -2.58% Goldman Sachs Group Inc. (GS) $400.42 -2.51% Cisco Systems Inc. (CSCO) $49.07 -1.88% 3M Co. (MMM) $90.91 -1.83% Amgen Inc. (AMGN) $265.96 -1.63% Nike Inc. (NKE) $89.55 -1.59% Coca-Cola Co. (KO) $58.90 -1.37% Boeing Co. (BA) $175.76 -1.32% Caterpillar Inc. (CAT) $367.00 -1.32%
S&P 500 - Risers
Nektar Therapeutics (NKTR) $1.28 2.39% McKesson Corp. (MCK) $537.31 1.90% Nvidia Corp. (NVDA) $868.00 1.69% FMC Technologies Inc. (FTI) $26.58 1.49% Delta Airlines Inc. (DAL) $47.97 1.37% HF Sinclair Corporation (DINO) $61.86 1.29% NRG Energy Inc. (NRG) $73.69 1.26% United Airlines Holdings Inc (UAL) $43.96 1.19% Marathon Petroleum Corporation (MPC) $214.10 0.93% Everest Group (EG) $374.96 0.93%
S&P 500 - Fallers
Vornado Realty Trust (VNO) $27.63 -7.84% Sl Green Realty Corp. (SLG) $51.26 -6.85% CenturyLink Inc. (LUMN) $1.37 -6.51% VF Corp. (VFC) $13.15 -5.73% Extra Space Storage (EXR) $144.02 -5.49% Sba Communications Corp. (SBAC) $207.44 -5.11% Alexandria Real Estate Equities Inc. (ARE) $123.19 -4.95% ProLogis (PLD) $120.07 -4.90% American Tower Corp (Reit) (AMT) $183.43 -4.86% Boston Properties Inc. (BXP) $62.18 -4.78%
Nasdaq 100 - Risers
Nvidia Corp. (NVDA) $868.00 1.69% Micron Technology Inc. (MU) $123.62 0.81% Meta Platforms Inc. (META) $519.28 0.46% Applied Materials Inc. (AMAT) $211.15 0.35% eBay Inc. (EBAY) $52.09 0.25% JD.com, Inc. (JD) $26.76 0.24% Trip.com Group Limited (TCOM) $49.06 0.11% Dish Network Corp. (DISH) $5.77 0.00% Alexion Pharmaceuticals Inc. (ALXN) $0.00 0.00% Xilinx Inc. (XLNX) $0.00 0.00%
Nasdaq 100 - Fallers
Qurate Retail Inc. (QRTEA) $0.96 -6.84% Sirius XM Holdings Inc (SIRI) $3.29 -4.53% Walgreens Boots Alliance, Inc. (WBA) $18.33 -4.44% Liberty Global plc Series A (LBTYA) $16.73 -3.80% Liberty Global plc Series C (LBTYK) $17.34 -3.56% Idexx Laboratories Inc. (IDXX) $503.28 -3.18% Charter Communications Inc. (CHTR) $263.43 -2.96% DENTSPLY Sirona Inc. (XRAY) $31.88 -2.95% Tesla Inc (TSLA) $171.94 -2.79% Microchip Technology Inc. (MCHP) $89.12 -2.78%
Reporting by Iain Gilbert at Sharecast.com
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.