English
Nasdaq and S&P 500 decline for the third consecutive session after the release of US inflation data
US stocks fell on Tuesday, erasing gains recorded at the beginning of the session, as investors digested inflation data in the United States, which showed a new sharp increase in prices during last March.
The S&P 500 index fell 0.34% to 4,397.45 points.
The Dow Jones also fell by 0.26% to 34,220.36 points, and the Nasdaq fell 0.3% to record 13,371.57 points.
Technology shares gave up the gains recorded at the beginning of the session, as Microsoft's stock fell by 1.1%, and Nvidia's stock fell by 1.9%.
The yield on US 10-year Treasury bonds fell from the highest level in 3 years, which was recorded earlier in trading, as it fell at 2.72% after the release of inflation data.
According to the data released today, the consumer price index in the United States rose by 8.5% in March on an annual basis, the highest level since 1981, while the core inflation index, which excludes food and energy, rose by 0.3% on a monthly basis, which is lower than the estimated level of 0.5%. .
