Wall Street today: Nasdaq rises 1.65%, S&P 500 gains 0.93%, Dow Jones falls 0.21% after benign CPI inflation data
Published on 13/05/2025 08:28 PM
US equities mostly rose on Tuesday following benign consumer price inflation data.
The Consumer Price Index (CPI) fell to 2.3% in April from a year ago, down from 2.4% in March.
At 11:47 AM EDT, the Dow Jones Industrial Average fell 0.21%, the S&P 500 gained 0.93%, and the Nasdaq Composite rose 1.65%.
At 10:48 AMEDT, the Dow Jones Industrial Average fell 0.36%, the S&P 500 gained 0.66%, and the Nasdaq Composite rose 1.30%.
At 09:38 a.m., the Dow Jones Industrial Average fell 149.69 points, or 0.38%, to 42,260.41, the S&P 500 gained 12.03 points, or 0.21%, to 5,856.22, and the Nasdaq Composite gained 106.92 points, or 0.57%, to 18,815.27.
On Monday, the US stock indices jumped about 3% or more after the United States and China agreed to cut tariffs on each other for a 90-day period.
In the bond market, the yield on the 10-year Treasury rose to 4.47% from 4.45% late on Monday. The 2-year Treasury yield edged up to 3.99% from 3.98%.
Shares of UnitedHealth Group tumbled 12.3% after announcing that Andrew Witty was stepping down as CEO. The company also suspended its 2025 outlook, citing higher than expected costs.
Among megacap stocks, Nvidia climbed 5.68% and Amazon.com surged2.41%.
Crypto exchange operator Coinbase Global jumped 15% as the stock will join the S&P 500 index next week.
Stocks of Super Micro Computer jumped 8.5% and Palantir Technologies gained 4%.
Under Armour rose 1.3% after the athletic apparel maker reported quarterly revenue slightly above Wall Street’s estimates.
Gold prices rebounded on Tuesday after softer-than-expected US inflation data.
Spot gold gained 0.2% to $3,241.16 an ounce as of 0938 ET (13:38 GMT). US gold futures edged up 0.6% at $3,245.50.
Spot silver added 0.1% to $32.62 an ounce, platinum climbed 1.4% to $989.95 and palladium gained 0.2% to $947.24.
Oil prices soared on Tuesday as the Trump administration announced Saudi Arabia's plans to invest $600 million in the United States.
Brent crude futures rose 88 cents, or about 1.35%, to $65.84 a barrel by 1417 GMT. US West Texas Intermediate (WTI) crude was up $1.13, or about 1.82%, at $63.08.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Download the Mint app and read premium stories
Log in to our website to save your bookmarks. It'll just take a moment.