Stocks Are Rising After CPI Report. UnitedHealth Drags on the Dow.
The stock market’s rally continued on Tuesday after the consumer price index for April was better than feared despite headaches caused by the White House’s on-again-off-again tariff policy.
The S&P 500 was up 0.5%. The Nasdaq Composite was up 1%. The Dow Jones Industrial Average was down 151 points, or 0.4%, but a majority of its members were rising; a double-digit decline for UnitedHealth Group shaved 250 points off the Dow to start the day.
The yield on the 2-year Treasury note was down to 3.98%, while the 10-year yield was down to 4.46%.
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