Wall Street today: S&P 500, Dow Jones, Nasdaq edge lower after inflation data
Published on 29/08/2025 07:24 PM
Wall Street stock indices edged lower on Friday after the Federal Reserve-preferred inflation data stoked concerns of tariffs feeding into consumer prices.
At the opening bell, the Dow Jones Industrial Average fell 45.9 points, or 0.10%, to 45,590.96. The S&P 500 fell 12.6 points, or 0.19%, to 6,489.28, while the Nasdaq Composite dropped 74.8 points, or 0.34%, to 21,630.326.
The US Commerce Department said on Friday Personal Consumption Expenditures (PCE) Price Index rose 0.2% in July as compared to the unrevised 0.3% in June.
In the 12 months through July, the PCE inflation rose 2.6% after climbing 2.6% in June.
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