US stocks fells as investors digested a hotter-than-expected January inflation data  

The Dow Jones Industrial Average  (DJI) Fell around 0.9%, while the benchmark S&P 500  slipped 1%. The tech-heavy Nasdaq Composite pulled back more than 1.1% on fear of higher inflation may delay the Federal reserves's interest rate cuts and CPI continues to exceed fed's 2% target this signaling that inflation may be picking up again  

Tech giants NVIDIA,Microsoft and Amazon down more than 1%  

US CPI DATA: •  

US yearly inflation was 3% in January, higher than 2.9% in December.  

• US monthly inflation rose to 0.5% in January, from 0.4% in December.  

• Core yearly inflation edged up to 3.3% in January, slightly higher than 3.2% in December.  

• Core monthly inflation climbed to 0.4% in January, from 0.2% in December.