The Consumer Price Index (CPI) for July, due on Thursday, is expected to show a slight acceleration from last year.
The consumer price index (CPI) dropped in the world's second-largest economy, the National Bureau of Statistics said on Wednesday, its first decline since February 2021.
According to preliminary data, the S&P 500 (.SPX) lost 31.47 points, or 0.70%, to end at 4,467.91 points, while the Nasdaq Composite (.IXIC) lost 162.31 points, or 1.17%, to 13,723.96.
Six of the top 11 S&P 500 sectors rose, with energy stocks (.SPNY) leading the gain.
Of the 443 S&P 500 companies that have reported results as of Tuesday, 78.6% beat analyst expectations, according to Refinitiv data.
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