Stocks Drop for Second Day; Treasuries Advance: Markets Wrap
- Core consumer prices unchanged, showing scant inflation
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U.S. stocks notched a second straight small decline after reaching a record, as investors assessed what the latest inflation reading means for aid prospects.
The S&P 500 Index ended and up-and-down session lower by less than 0.1%. The Dow Jones Industrial Average posted a gain, while the Nasdaq 100 retreated. The 10-year Treasury yield fell back below 1.15% after the core consumer price index was unchanged last month.