US April Inflation Hits 3-Year High, US Stocks Decline in Early Trading

(Central News Agency, New York, 12th, comprehensive foreign report) Rising gasoline prices, driven by the Iran war, pushed US April consumer inflation to a three-year high, causing major Wall Street stock indices to fall in early trading today. According to AFP, the US April Consumer Price Index (CPI) rose 3.8% year-on-year, higher than March's 3.3%. This report comes amidst the two-and-a-half-month conflict between the US and Iran, where both sides have refused to back down and have repeatedly threatened to reignite fighting, though currently neither appears willing to resume full-scale combat. Approximately 15 minutes after opening today, the Dow Jones Industrial Average fell 0.5% to 49458.97 points. The S&P 500 index fell 0.4% to 7384.74 points. The technology-heavy Nasdaq Composite Index slid 0.5% to 26135.22 points. Both the S&P 500 and Nasdaq closed at historic highs yesterday. (Compiled by: Yang Chao-yan) 1150512 Choose to stand with facts, every sponsorship you make is a force for protecting press freedom. Download the "First-hand News" APP from Central News Agency to stay updated with the latest news. The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.