S&P 500 and Nasdaq drop after April inflation data
The S&P 500 and Nasdaq opened lower on Tuesday as investors weighed hot inflation data and Middle East tensions. The Dow edged up despite broader market pressure.
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S&P 500 and Nasdaq Composite opened lower on Tuesday following hotter-than-expected April inflation data. The S&P 500 fell 0.30% to 7,390.63, while the Dow Jones Industrial Average rose 0.07% to 49,739.62. Persistent price pressures and Middle East instability weighed on investor sentiment.
