Wall Street suffered losses at the end of the last trading session of the week after new inflation data came in higher than estimated. Market sentiment was possibly affected by the notion that the Federal Reserve will likely keep trying to restore price stability by raising interest rates high into restrictive territory.
The Dow Jones Industrial Average index was down 1.02%, or 337 points, at the close with its worst performer Boeing falling 4.8%. The Nasdaq 100 contracted by 1.73% and the S&P 500 closed 1.05% lower. Autodesk dropped 12.95% at the end of the trading session and dragged both indexes down.
The euro was down 0.53% compared to the dollar to change hands for 1.05475 at 3:59 pm ET.
