U.S. stocks open mixed amid economic data

Xinhua
13 Apr 2021, 23:00 GMT+10

NEW YORK, April 13 (Xinhua) -- U.S. stocks opened mixed on Tuesday as investors digested a slew of economic data.

Shortly after the opening bell, the Dow Jones Industrial Average fell 190.87 points, or 0.57 percent, to 33,554.53. The S&P 500 decreased 0.23 points, or 0.01 percent, to 4,127.76. The Nasdaq Composite Index added 107.43 points, or 0.78 percent, to 13,957.43.

Seven of the 11 primary S&P 500 sectors pulled back in morning trading, with financials down 1.27 percent, leading the laggards. Technology advanced 0.7 percent, the best-performing group.

Shares of Johnson & Johnson slipped 2.3 percent after U.S. public health agencies recommended a temporary halt in the use of its COVID-19 vaccine.

On the data front, U.S. consumer price index (CPI) increased 0.6 percent in March, the U.S. Bureau of Labor Statistics reported on Tuesday. Economists polled by Dow Jones and The Wall Street Journal had forecast a 0.5-percent increase in the CPI.

The all items index rose 2.6 percent for the 12 months ending March, a much larger increase than the 1.7-percent reported for the period ending in February, showed the report.

The data came as inflation fears have intensified on Wall Street in recent weeks.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Johannesburg Life.

More Information

null in null

International

Section

Deadly July 4 flash floods renew alarm over NWS staffing shortages

WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...

Putin fires transport chief, later found dead in suspected suicide

MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...

Thousands gather in Himalayas as Dalai Lama celebrates 90th birthday

DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...

Fans perform WWII-era Fascist salute at Marko Perković’s mega concert

ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...

U.S. Treasury Secretary says Musk should steer clear of politics

WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...

TikTok building U.S.-only app amid pressure to finalise sale

CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...

Africa

Section