US: Stocks little changed after consumer prices rise
[NEW YORK] Wall Street stocks on Tuesday opened little changed after data on US consumer prices showed a rise in February for the first time in four months.
Five minutes into trade, the Dow Jones Industrial Average was at 18,101.95, down 14.09 points (0.08 per cent).
The broad-based S&P 500 slipped 1.23 (0.06 per cent) to 2,103.19, while the tech-rich Nasdaq Composite Index added 0.53 (0.01 per cent) at 5,011.50.
The consumer price index increased 0.2 per cent month-over-month in February, thanks in part to a rally in energy prices during the month.
Ryan Sweet of Moody's Analytics said core prices will continue to be pressured by volatile oil prices and the strong US dollar.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Aussie bulls face disappointment on long road to pandemic high
What to expect as US moves towards faster stock settlement
US: Stocks stabilise after choppy trading week ahead of long weekend
Europe: Stocks end week lower as rate worries resurface
Oil posts weekly loss as interest rate policy spurs fuel demand worries
US dollar slips on profit taking but upbeat outlook remains