Dow Falls Third Straight Session to 53,770 Points; Nasdaq Rebounds 143 Points on CPI Relief
The Dow Jones Industrial Average fell for a third consecutive session on August 12, closing at 53,770.27 points, down 21.58 points, as Middle East uncertainty kept selling pressure dominant. July US CPI data released in the morning eased concerns about accelerating inflation and briefly lifted the index. The Nasdaq Composite rebounded for the first time in three sessions, gaining 143.04 points to close at 26,588.49 points. Microsoft and Nike declined notably, while Nvidia attracted buying.
On August 12, the Dow Jones Industrial Average fell for a third consecutive trading session, closing at 53,770.27 points, down 21.58 points from the previous session. Uncertainty over the Middle East situation remained elevated, keeping selling pressure slightly dominant. The July US Consumer Price Index (CPI), released in the morning, eased concerns about accelerating inflation and briefly pushed the index above its previous close.
The Nasdaq Composite, which is dominated by technology stocks, rebounded for the first time in three sessions, rising 143.04 points to close at 26,588.49 points. Among individual stocks, technology company Microsoft and sportswear company Nike posted notable declines, while semiconductor company Nvidia attracted buying.