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investingLive Americas FX news wrap 11 Aug: Stocks /yields Slip as markets await US CPI

investinglive.com · 5h · first reportShare

U.S. markets are wrapping up Tuesday with stocks mostly lower, Treasury yields modestly lower across most of the curve, and the U.S. dollar little changed against the major currencies. The session was marked by fading optimism surrounding a potential U.S.-Iran agreement, continued uncertainty around the Strait of Hormuz, and some notable weakness in technology shares. Traders are also increasingly turning their attention toward Wednesday's U.S. CPI report, which will be the next major test for markets and expectations surrounding the Fed's September meeting. US stocks close mostly lower; Nasdaq leads declines U.S. equities finished mostly lower, with the NASDAQ the weakest major index, while small-cap stocks bucked the trend. Technology and growth shares were among the notable laggards, helping weigh on both the NASDAQ and S&P 500. Dow industrial average: -184.02 points or -0.34% at 53,797.39 S&P 500: -24.94 points or -0.32% at 7,728.18 NASDAQ composite: -159.91 points or -0.60% at 26,