The U.S. Consumer Price Index (CPI) for April showed a year-over-year increase of 2.3%, slightly below the expected 2.4% and down from March's 2.4%. The core CPI, which excludes food and energy, remained steady at 2.8% year-over-year, aligning with expectations. This marks the lowest annual CPI increase since February 2021. Following the release of the CPI data, U.S. stock markets displayed mixed reactions. The S&P 500 edged up by 0.27%, the Nasdaq Composite rose by 0.62%, while the Dow Jones Industrial Average declined by 0.36%, or 186 points. The lower-than-expected inflation rate contributed to the market's uncertainty. The drop in the Dow was primarily driven by a significant decline in UnitedHealth shares, which fell over 11% after the company suspended its 2025 outlook and announced the immediate departure of its CEO, Andrew Witty. This news also affected other healthcare stocks, with the S&P 500 hovering near flat and the Nasdaq gaining 0.3%.
U.S. stocks are drifting in mixed trading on Tuesday following a report that showed inflation unexpectedly slowed across the country last month. https://t.co/JQ6c4BXqh0
US stocks open mixed after April inflation report, tariff pause adds to market uncertainty https://t.co/Q2KPwATGRi
📊 Wall Street abre mixto y los bonos retoman oxígeno tras datos de inflación bajo lo esperado en EEUU https://t.co/UOrxmZzqeo