U.S. Stock Indexes Close Lower on October 10, 2024, After September CPI Data Shows Sticky Inflation

U.S. stock indexes closed lower on October 10, 2024, following the release of September's Consumer Price Index (CPI) data, which came in hotter than expected. Analysts noted that the inflation report indicated persistent inflationary pressures, leading to a decline in market performance. Despite the negative market reaction, both analysts and Federal Reserve officials downplayed the significance of the report, emphasizing that it reflects only one month of data. The trading session was described as fairly choppy, with market participants reacting to the inflation figures throughout the day.