Major U.S. stock-indexes slightly fells on Friday as a renewed slide in oil prices weighed on energy and materials stocks and prospects of a rate hike this year were rekindled by data pointing to firmer inflation trends. Crude prices, which have moved in lockstep with the stock market for much of the year, slid more than 4% after a record increase in U.S. stockpiles.
Report showed core consumer price index rose by a bigger-than-expected 0.3% in January, signs of an uptick in price pressures that could allow the Federal Reserve to gradually raise interest rates this year.
Most of Dow stocks in negative area (20 of 30). Top looser - Chevron Corporation (CVX, -2,02%). Top gainer - American Express Company (AXP, +0,96%).
Most of all S&P sectors in negative area. Top looser - Basic Materials (-1,5%). Top gainer - Conglomerates (+0,9%).
At the moment:
Dow 16332.00 -59.00 -0.36%
S&P 500 1911.50 -5.00 -0.26%
Nasdaq 100 4164.75 +9.75 +0.23%
Oil 31.71 -1.22 -3.70%
Gold 1232.20 +5.90 +0.48%
U.S. 10yr 1.75 -0.01