A spike in Nvidia shares helped the S&P 500 rise on Tuesday as new data showed that inflation for June had increased.
With the Nasdaq Composite up 0.8%, the broad market index increased by 0.5%.
The Dow Jones Industrial Average experienced a 0.2% decline, or 107 points.
June’s consumer price index rose by 0.3% for the month, meeting a Dow Jones consensus estimate of 2.7% annual inflation.
Excluding food and energy prices, the so-called core CPI increased by 0.2% month over month, which was little less than anticipated.
It increased by 2.9% annually, which was in line with projections.
Source (CNBC)
