US Stocks Mixed Today
The S&P 500 hovered near the flatline on Tuesday, while the Nasdaq rose 0.2% and the Dow Jones Industrial Average fell about 150 points, as enthusiasm for a 90-day U.S.-China tariff truce faded and investors digested the latest CPI report. April inflation was lower than expected, suggesting the impact of tariffs has not yet fully materialized.
In response, traders increased bets on about 55 basis points of Fed rate cuts this year. Consumer discretionary and technology stocks led gains, while health care underperformed. UnitedHealth shares plunged nearly 13% to a four-year low around $330 after its CEO resigned and the company withdrew its financial outlook.
Source: Trading Economics