Stock Market Today: Dow Drops as Brief Boost From CPI Data Fades

A morning jolt from an August cooldown in inflation proved ephemeral Tuesday, with early gains fizzling into widespread declines.

Deflating hot-air balloon
(Image credit: Getty Images)

A slower-than-expected measure of inflation released Tuesday morning provided stocks with a quick but ultimately fleeting lift.

The Labor Department reported that August's headline consumer price index grew 0.3% month-over-month (0.4% expected) and 5.3% year-over-year (5.3% expected); both figures came in slightly slower than July's consumer-price growth.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.