September CPI report: Dow Jones ends 173 points lower after data does little to clarify Fed rate path

U.S. stocks closed lower on Thursday for the first time in five session as a selloff in U.S. bonds resumed and a gauge of consumer prices came in hotter in September than expected. The Dow Jones Industrial Average shed about 173 points, or 0.5%, ending near 33,631, according to preliminary FactSet data. The S&P 500 index fell 0.6% and the Nasdaq Composite Index also dropped 0.6%.

A resumed selloff in longer-duration government bonds was viewed as pressuring stocks lower, with yields on the 10-year Treasury and 30-year Treasury securing their biggest daily gains in more than a week. September’s consumer-price index also showed headline inflation was hotter than forecast, with the yearly rate steady at 3.7%.

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