Stocks open mixed with focus on inflation data

From Yahoo Finance: 2024-05-28 10:44:42

US stocks opened mixed on Tuesday, with the S&P 500 up 0.2%, Nasdaq up 0.4%, and Dow Jones down 0.3%, focusing on an upcoming inflation report. Traders are cautiously watching data that could impact the Fed’s rate cut decisions. Some individual stocks moved including GameStop, which soared 20%, and Apple, which rose due to strong iPhone sales in China. San Diego reported the highest home price gains, while consumer confidence unexpectedly rebounded in May. Additionally, Wall Street analysts are assessing the economic impact of potential tariffs under a second term of former President Trump.



Read more at Yahoo Finance: Stocks open mixed as focus turns to inflation data