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Major US equity benchmarks fell Tuesday as disappointing quarterly results from Oracle dragged down the Nasdaq Composite and rising oil prices dampened investor enthusiasm a day ahead of a monthly consumer price update that’s sure to factor into the Federal Reserve’s interest rate policy deliberations. The S&P 500 and Nasdaq slid by 0.6% and 1% respectively while the Dow Jones held towards the flat line. While tech was the weakest performing sector on Tuesday, consumer discretionary and communication services shares were also lower. Energy shares led gainers Tuesday as oil prices continued to rise. Meantime, European equity markets also closed lower yesterday, with the Euro Stoxx 50 Index down 0.3%, driven by declines in chemical shares, which more than offset gains in autos and telecom shares.
Summary for 13.09.2023
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