Stocks closed with losses Monday as Wall Street braces for the first federal inflation report released after President Trump ousted the head of the agency responsible for producing it.
The Dow Jones Industrial Average closed with a loss of 201 points, falling 0.5 percent Monday.
The S&P 500 index and Nasdaq composite each fell 0.3 percent.
The dip comes one day before the Bureau of Labor Statistics (BLS) is set to release the latest reading of the consumer price index (CPI), which is expected to show inflation rising in July.
Economists expect prices to have risen by 0.2 percent in July — 0.3 percent without food and energy included — to hit a core annual inflation rate of 3 percent, according to consensus estimates.
“The data, due tomorrow, probably will show that goods prices rose a