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US stocks (^DJI, ^IXIC, ^GSPC) are mixed ahead of Tuesday's market close as the Nasdaq Composite drops by over 1%, pushed lower by declines in chip stocks. Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at the market reaction to the April Consumer Price Index (CPI) report released this morning.
The stock market is perking up a little in afternoon trading. The S&P 500 was down 0.6%; it had marked a loss as large as a percent earlier. The tech-heavy Nasdaq was extending its losses, down 1.4%. The Dow was flat.
Energy stocks gained Tuesday afternoon with the NYSE Energy Sector Index rising 0.7% and the State S
The S&P 500 dipped today while the Nasdaq-100 plunged. Macroeconomic headwinds are weighing on big tech names.
US equity indexes fell in Tuesday's midday trading as a hotter-than-expected inflation print for Apr
By Ragini Mathur and Utkarsh Hathi May 12 (Reuters) - Wall Street's main indexes edged lower on Tuesday, with the S&P 500 and the Nasdaq pulling back from record highs after a hotter-than-expected
After opening little changed, the Dow slid further away from the widely watched 50,000 level. The blue-chip index was down 250 points, or 0.5%. The S&P 500 was down 0.5%, while the Nasdaq was down 0.8%.
May 12 (Reuters) - The S&P 500 and the Nasdaq opened lower on Tuesday, as investors weighed a hotter-than-expected inflation report and fading hopes for a swift resolution to the Middle East conflict.
Stocks stumbled Tuesday, with tech stocks taking a relatively bigger hit, after the latest inflation report came in hotter than expected. The Dow was flat, while the S&P 500 was down 0.4%. The tech-heavy Nasdaq was down 0.8%.
Wall Street closed slightly higher on Monday, driven by energy and industrial stocks.
Tech futures fell as oil prices topped $100 while South Korea news triggered losses in Q1 stocks. CPI inflation picked up.
Major stock indexes are settling in after a bit of volatility this morning. Dow futures have turned slightly positive, while S&P 500 futures are down 0.2%. Nasdaq futures are down 0.6%. Each of these indexes is in a place better than where they were immediately after the inflation report came out.
Consumer prices jumped more than expected in April, a sign that inflation is accelerating as the Iran war's fallout ripples through the economy. The headline consumer price index rose 0.6% from the previous month and 3.8% from a year earlier, above the 0.59% monthly gain and 3.7% annual increase economists had forecast, according to a survey by FactSet. The 3.8% annual increase marks the fastest pace of price growth since May 2023 and is also a notable jump from March, when CPI rose 3.3% year over year.
Stocks continued their downward drift after April inflation data came in higher than expected. S&P 500 futures declined 0.5%, and contracts tied to the tech-heavy Nasdaq 100 dropped nearly 1% right after the report.
Tesla CEO Elon Musk is expected to join President Donald Trump on the latter’s trip to China, The Wall Street Journal reported. Tesla shares were down 1.5% at $438.47, while and futures were down 0.4% and 0.1%, respectively. Tweets have suggested Tesla is close to rolling out its AI-trained Full Self-Driving, or FSD, driver-assistance technology in China.
McDonald's shares haven't been this low since August 2024.
Economists expect consumer prices rose 3.7% year-over-year in April, up from 3.3% in March, as oil prices climb above $100 a barrel
Zebra reported earnings per share of $4.75, up 18.2% year over year, from sales of $1.5 billion, up 14.3% year over year. Wall Street was looking for $4.25 and $1.5 billion, respectively.
The eVTOL maker reported an Ebitda loss of $97.2 million from sales of $10.1 million. Wall Street was looking for a $127 million loss from $8.7 million in sales.
Wall Street futures pointed moderately lower pre-bell Tuesday as traders weighed rising crude prices