CPI rises more than expected

The markets traded mixed during the midday with the Dow rising 42 points to 22,200. Nasdaq fell 24 points to 6,435.


The nation's Consumer Price Index rose by a greater than expected 0.4% in August on the heels of a 0.1% gain in July. The increase was fueled by higher gasoline prices and rental rates. Core consumer prices, which exclude volatile food and energy prices, edged up 0.2%.


Daimler will offer electric delivery trucks in the U.S. A small fleet of FUSO eCanter short-range electric trucks will be provided to four non-profit organizations in New York. Package delivery company UPS will lease three trucks for two years that will be deployed in locations to be determined.


President Donald Trump cited national security concerns for blocking the acquisition of Lattice Semiconductor by private equity firm Canyon Bridge Capital Partners. Canyon Bridge is partly funded by entities that are owned by the Chinese government. The move raised concerns about the proposed acquisition of MoneyGram International by Ant Financial, which is an affiliate of Alibaba Group.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by 6 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 2,495. Bitcoin crashed $502 to $3,381.


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