Wed, 19 May 2021

U.S. stocks end mixed amid economic data

Xinhua
14 Apr 2021, 06:55 GMT+10

NEW YORK, April 13 (Xinhua) -- U.S. stocks finished mixed on Tuesday, as investors pored through a slew of key economic data.

The Dow Jones Industrial Average fell 68.13 points, or 0.20 percent, to 33,677.27. The S&P 500 rose 13.60 points, or 0.33 percent, to 4,141.59. The Nasdaq Composite Index increased 146.10 points, or 1.05 percent, to 13,996.10.

Seven of the 11 primary S&P 500 sectors ended in green, with utilities up 1.22 percent, leading the gainers. Financials slipped 0.92 percent, the worst-performing group.

Shares of Johnson & Johnson lost more than 2 percent after U.S. public health agencies recommended a temporary halt in the use of its COVID-19 vaccine.

U.S.-listed Chinese companies traded mostly higher with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

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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