Dow sheds 290 points, S&P 500 closes lower despite cooler-than-expected inflation reading; European stocks close mixed after U.S. inflation report 
U.S. stock indexes closed lower Tuesday, giving up gains earlier in the session after a better-than-feared inflation reading and falling back into their September doldrums. 
The Dow Jones Industrial Average shed 292.06 points, or 0.8%, to 34,577.57. The S&P 500 dipped nearly 0.6% to 4,443.05 and the Nasdaq Composite ticked about 0.5% lower to 15,037.76. 
Stocks popped at the open after the August consumer price index, while still showing a significant jump in inflation, came in less than expected. However, the stock averages turned lower roughly half an hour into trading. 

European stocks closed mixed Tuesday as investors reacted to U.S. inflation data that could inform the Federal Reserve’s timing for tapering of its monetary stimulus. 
In terms of individual share price movement, British retailer JD Sports climbed 9.7% on Tuesday to top the Stoxx 600 after reporting a sevenfold surge in first-half earnings. 
Source: CNBC, Investing.com