- The major Wall Street indices opened modestly lower on Tuesday.
- Energy and financial stocks underperform after the opening bell.
- Annual CPI inflation in the US rose to 5.4% in June.
The major stock indices in the US They started the day in negative territory on Tuesday as investors weigh in on the June inflation report. At time of writing, the S&P 500 was down 0.17% to 4,377, the Dow Jones Industrial Average was down 0.1% to 34,960, and the Nasdaq Composite was down 0.05% to 14,872.
The U.S. Bureau of Labor Statistics reported earlier in the day that the Consumer Price Index (CPI) rose to 5.4% annually in June from 5% in May, beating the market’s expectation of 4.9% by a broad margin.
Among the top 11 sectors in the S&P 500, the financial index is down 0.55% and the energy index is down 0.4%. On the other hand, the Consumer Staples Index is posting modest gains after the opening bell.
S&P 500 chart (daily)
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