P Gspc: Points and Labor Statistic

p gspc: The Dow DJI fell 0.38%, or 96.22 points, while the Nasdaq IXIC rose 0.44%, or 32.97 points, according to Xinhua China. Market participants on Tuesday received a print on the Bureau of Labor Statistic's Consumer Price Index for February. The S&P 500 GSPC rose 0.3%, or 8.22 points, as of market close. The headline figure rose 0.2% month-on-month, as expected, and 1.5% year-on-year. Declines in prices for automobiles and prescription drugs helped drive the decrease in core CPI. With headline CPI inflation edging down to a two-and-a-half-year low of 1.5% in February, from 1.6%, and core inflation dropping to a four-month low of 2.1%, from 2.2%, the Fed would appear to be justified in supporting the real economy by being patient and leaving interest rates on hold for a potentially extended period, Paul Ashworth, chief US economist for Capital Economics, wrote in a note Tuesday. CPI excluding the volatile categories of food and energy considered by many to be a strong indicator of underlying inflation rose 2.1% year-over-year, slower than the 2.2% pace anticipated. (news.financializer.com). As reported in the news.