US Stocks Open Lower After Inflation Report, Dow Dips 700 Points U.S. stocks traded sharply lower this morning, following the release of inflation data for August Following the market opening Tuesday, the Dow traded down 2.18% to 31,675.17 while the NASDAQ fell 3.30% to 11,861.20. The SP 500 also fell, dropping, 2.54% to 4,006.05. Also check this: Bitcoin Remains Above This Major Level While Solana Rises Sharply; Here Are The Top Crypto Movers For Tuesday Leading and Lagging Sectors Energy shares fell by just 0.6% on Tuesday. Meanwhile, top gainers in the sector included Cheniere Energy, Inc. (NYSE: LNG ), up 5% and Kosmos Energy Ltd. (NYSE: KOS ) up 3%. In trading on Tuesday, communication services shares tumbled by 3.9%. Top Headline The Labor Department reported an 8.3% year-over-year increase in the consumer price index for August, another sign that inflation may have peaked in June. According to data from the U.S. Bureau of Labor Statistics, the headline CPI rose 8.3% in August, down from 8.5% in July. The August CPI reading came in above average economist estimates of 8%.