The Dow declined following a government report showing inflation rose to 3.7% annually in September, primarily due to elevated energy prices.
The Dow Jones Industrial Average closed lower Wednesday after the release of an inflation report for September. According to government data released that day, inflation reached 3.7% compared to the same month last year.
Energy costs were the primary driver of the inflation increase, contributing significantly to the year-over-year rise. CBS News business contributor Javier David provided analysis of the market's reaction to the economic data.
