NEW YORK (AA) – Wall Street retreated from record-high levels on Tuesday opening as the decline in European stock markets had a negative impact across the Atlantic.
The Dow Jones fell 65 points to begin the day at 18,570. The S&P 500 was down seven points to 2,182, while the Nasdaq lost 18 points to 5,244 at the start of the day.
At the U.S. stock market opening, Germany's DAX index was down 0.63 percent, while the U.K.'s FTSE posted a 0.47 percent decrease, and France's CAC 40 saw a 0.77 percent decline.
Meanwhile, Consumer Price Index (CPI) in the U.S., which measures the change in the price of goods and services for consumers, remained unchanged in the month of July, according to Department of Labor. This is the first time the CPI has not increased in the last five months.
All three indexes in the U.S. stock market closed at fresh all-time record-high levels Monday after oil prices rose around three percent.
Crude oil prices continued their increase on Tuesday. At the first bell, American benchmark West Texas Intermediate traded at $45.96 a barrel with a 0.4 percent gain, and international benchmark Brent crude was up to $48.42 -- a 0.1 percent increase.