Nasdaq, S&P, Dow trade mixed
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Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
Dow falls 300 points, S&P 500 flat and Nasdaq climbs after June CPI report; JPMorgan tops estimates Investors are digesting important inflation data in the U.S
US stocks were mixed in afternoon trade Tuesday as sticky inflation data and underwhelming earnings from major banks weighed on the Dow and S&P 500, even as Nvidia-led strength in tech lifted the Nasdaq.
The Dow and S&P 500 fell, and the Nasdaq rose, on a busy day for the stock market as investors digest news on a China chips embargo, big bank earnings and CPI inflation data.
The Dow Jones Industrial Average falls 1 per cent to 44,023.29. Read more at straitstimes.com. Read more at straitstimes.com.
Markets are dropping off from record highs with Trump's tariffs in focus as key inflation data and earnings season loom.