Nasdaq Down Over 1%; US Producer Inflation Surges In September
U.S. stocks mixed as September producer prices surged 1.3%; Nasdaq dropped 1.25%, while Dow rose 0.45% and S&P 500 slipped 0.47%.
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Why It Matters
Prices that factories pay went up a lot in September. When makers pay more for stuff, it can squeeze their profits and slow down growth.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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