SPDR S&P 500 ETF (SPY): ETF Research Reports Clearly, Tuesday’s Consumer Price Index (CPI) report, which sent the markets screaming downward — including a nearly 1300-point nosedive on the blue-chip Dow 30 index — had more bang for the buck, this morning we saw Jobless Claims, Retail Sales, Import/Export Prices, Philly Fed and Empire State manufacturing and Industrial Production/Capacity Utilization reports all before the opening bell. In addition, September is the month when the steady removal of assets on the Fed’s balance sheet doubles, which some bank analysts warn will lead to higher near-term interest rates.