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Stock Market Today: Stocks Lose Steam After CPI, US-China Trade Deal

The stock market experienced a decline on November 14, 2023, as investors reacted to the latest U.S. Consumer Price Index (CPI) data and developments in U.S.-China trade relations. The CPI rose by 3.2% year-over-year in October, slightly lower than the expected 3.3%, signaling a continued but moderating inflation rate. Despite this, the major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq all closed lower, with the Dow dropping 220 points, the S&P 500 falling 0.7%, and Nasdaq declining by 1%. The market's reaction was also influenced by concerns over the U.S.-China trade deal, as reports emerged of potential delays in the phase one agreement, adding uncertainty to the economic outlook. Additionally, sector-specific news impacted individual stocks, with Tesla shares falling after a downgrade by a major analyst, and energy stocks declining amid falling oil prices.

Read the Full Kiplinger Article at:
[ https://www.msn.com/en-us/money/markets/stock-market-today-stocks-lose-steam-after-cpi-us-china-trade-deal/ar-AA1GxwJ4 ]