US stocks fall on inflation data to cap steep losses for September

 

US stocks fell Friday, closing out steep losses for the week, month, and third quarter. 

 The Fed's favored affectation hand increased 4.9% in August from a time ago, over from 4.7% in July. 

 For the third quarter, the S&P 500 gave up 6% while the Nasdaq lost nearly 5% and the Dow sank further than 7% 

US stocks fell Friday as fresh affectation data refocused to further hawkish financial policy, closing out steep losses for the week, month, and third quarter. 

 

 The Federal Reserve's favored affectation hand — the core particular consumption expenditures price indicator — increased 4.9% in August from a time ago, over from 4.7% in July and above vaticinations. requests have been dealing off as central bankers support their intent to keep policy tight until affectation cools sufficiently while soaring bond yields have heightened fermentation across global requests, most lately in the UK. 

For the week, the S&P 500 and Dow lost 3% and the Nasdaq dipped 0.3% For the month of September, the S&P 500 and the Dow plunged further than 9, and the Nasdaq tumbled 10% For the third quarter, the S&P 500 gave up 6% while the Nasdaq lost nearly 5% and the Dow sank further than 7%

Here's where US indexes stood as the market closed at 4 p.m. ET on Friday: 

S&P 500: 3,585.65, down 1.51% 

Dow Jones Industrial Average: 28,725.51, down 1.71% (500.10 points)

Nasdaq Composite: 11,065,50 down 1.51% 

Here's what else is going on today: 

In commodities, bonds, and crypto:

OilPainting prices slipped, with West Texas Intermediate down 2% to$79.64 a barrel. Brent crude, the transnational standard, inched 0.7% lower to$87.90 a barrel.

Gold ticked up 0.1% to$1,670.50 per ounce.

The 10- time yield climbed4.7 base points to 3.794%

Bitcoin rose 1.6% to$18,748.49.