May 12 (Reuters) – The S&P 500 and the Nasdaq opened lower on Tuesday, as investors weighed a hotter-than-expected inflation report and fading hopes for a swift resolution to the Middle East conflict. The Dow Jones Industrial Average rose 35.2 points, or 0.07%, at the open to 49,739.62. The S&P 500 fell 22.2 points, or […]
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S&P 500, Nasdaq open lower after April inflation data; Mideast in focus
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May 12 (Reuters) – The S&P 500 and the Nasdaq opened lower on Tuesday, as investors weighed a hotter-than-expected inflation report and fading hopes for a swift resolution to the Middle East conflict.
The Dow Jones Industrial Average rose 35.2 points, or 0.07%, at the open to 49,739.62. The S&P 500 fell 22.2 points, or 0.30%, at the open to 7,390.63, while the Nasdaq Composite dropped 187.1 points, or 0.71%, to 26,087.009 at the opening bell.
(Reporting by Ragini Mathur in Bengaluru; Editing by Devika Syamnath)