NEW YORK, Aug. 10 (Xinhua) -- U.S. stocks closed lower on Friday as investors kept an eye on geopolitical tensions and major U.S. economic data.
The Dow Jones Industrial Average was down 196.09 points, or 0.77 percent, to 25,313.14. The S&P 500 was down 20.30 points, or 0.71 percent, to 2,833.28. The Nasdaq Composite Index was down 52.67 points, or 0.67 percent, to 7,839.11.
The Turkish lira plunged 20 percent against the U.S. dollar after U.S. President Donald Trump authorized the doubling of tariffs on steel and aluminum products from Turkey.
Analysts said investors are concerned about geopolitical tensions that have rattled global markets.
On the economic front, the U.S. Consumer Price Index for All Urban Consumers increased 0.2 percent in July on a seasonally adjusted basis after rising 0.1 percent in June, the Labor Department said on Friday. Over the last 12 months, the all items index rose 2.9 percent before seasonal adjustment.
But excluding the volatile food and energy components, the so-called core CPI rose 2.4 percent from a year earlier, the biggest jump since September 2008, according to the department.
