U.S. Stocks Slip as Inflation Rises: Justice Department Asks Deutsche Bank to Pay $14B Fine

U.S. stocks moved lower Friday following a rise in consumer prices, a sign that strengthens the Federal Reserve's case for a near-term rate hike. The consumer price index rose 0.2% in August, while analysts had expected a 0.1% increase. Deutsche Bank (DB) - Get Report shares dipped 8%, its biggest drop since the historic June 23 Brexit vote, after the Justice Department asked the bank to pay a $14 billion fine for mortgage related activities from the 2008 financial crisis. The bank vows to negotiate the fine down. Apple's (AAPL) - Get Report iPhone 7 goes on sale Friday, even though supply is limited. People began waiting on line at Apple stores across the country. Apple shares were slightly lower on Friday, after a strong rally this week. TheStreet's Scott Gamm reports from Wall Street.