U.S. stocks open mixed amid economic data

Xinhua
14 Apr 2021, 03:30 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.

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