Stock market today: Dow, S&P 500, Nasdaq waver after April inflation report showed easing prices

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  Consumer Prices emergence astatine slowest yearly gait since February 2021

  April's Consumer Price Index (CPI) study showed ostentation pressures eased successful the archetypal period that galore of President Trump's tariffs were successful effect.

  The latest data from the Bureau of Labor Statistics showed that user prices accrued 2.3% implicit the anterior twelvemonth successful April, a slowdown from March's 2.4% and beneath economists' forecast for 2.4%. This marked the lowest yearly summation since February 2021, earlier a ample summation successful ostentation sparked a Federal Reserve involvement complaint hiking cycle.

  On a month-over-month basis, prices accrued 0.2, supra the 0.1% alteration seen successful March but little than the 0.3% estimated by economists.

  On a "core" basis, which strips retired the much volatile costs of nutrient and gas, prices successful April climbed 0.2% implicit the anterior month, up of March's 0.1% emergence but beneath statement projections for a 0.3% increase. Over the past year, halfway prices roseate 2.8%, unchanged from the anterior period and successful enactment with Wall Street's expectations.

  The CPI study greets investors little than 24 hours after markets soared connected quality the US and China person placed a 90-day pause connected a wide swath of tariffs betwixt the 2 countries.

• Will Big Tech's post-pause rally withstand immoderate weakness successful economical data?

  After yesterday's US-China tariff pause, tech stocks lurched higher erstwhile again, adding to an uneven post-"Liberation Day" rally that has stood retired successful markets.

  This morning, the Big Tech names were mixed successful premarket trading. Tesla (TSLA), which roseate implicit 6% yesterday, is up lone 0.3%. Apple (AAPL), which gained by the aforesaid amount, is down some.

  With the merchandise of the April Consumer Price Index this morning, investors volition find retired whether tariffs proceed to beryllium the lone communicative that matters close now.

  As my workfellow Josh Schafer pointed retired successful today's Chart of the Day, immoderate strategists don't spot that changing:

• Stocks moving successful premarket trade: UnitedHealth, Coinbase, Hertz, Honda

  Here are immoderate stocks making moves connected Tuesday morning, 2 hours up of the opening bell. You tin find much movers connected our trending tickers page.

  UnitedHealth (HMC): The healthcare supplier suspended its 2025 forecast conscionable weeks aft cutting its outlook, citing accrued costs. It besides said its CEO Andrew Whitty would measurement down immediately. Its shares sank implicit 10%, dragging connected different healthcare stocks including Humana (HUM) and CVS (CVS).

  Coinbase (COIN): Shares successful the crypto speech supplier surged implicit 9% connected news it volition articulation the S&P 500 connected May 19, a landmark for the industry. Coinbase volition regenerate Discover Financial Services (DFS) connected the wide benchmark.

  Hertz (HTZ): The rental car company's banal dropped astir 7% successful the aftermath of a deeper-than-expected archetypal 4th loss. Hertz besides flagged weaker request amid a broader downbeat forecasts for US tourism.

  Honda (HMC): The Japanese car elephantine said it expects a $3 cardinal deed to yearly profit owed to US tariffs connected cars and car portion imports. Its US-listed shares fell 4%.

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  Good morning. Here's what's happening today.

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  Goldman lifts S&P 500 targets with caution connected marketplace optimism

  Goldman Sachs (GS) strategists accidental the outlook for US equities is brightening arsenic US-China commercialized tensions ease, but caution that prices whitethorn beryllium overly optimistic owed to ongoing uncertainties.

  Bloomberg News reports:

  Read much here.

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  And the BofA money manager survey says...

  This study is ever a amusive 1 to dissect.

  The latest Bank of America money manager survey was done conscionable earlier the new US-China commercialized deal. But it inactive offers a invaluable snapshot into capitalist thinking.

  Fund managers were positioned defensively capable that the "pain trade" could proceed successful the adjacent term. That fundamentally means investors were underweight hazard assets (or owned little of them), and whitethorn present beryllium forced to pursuit stocks higher owed to a sliver of bully commercialized news.

  Meanwhile, I thought the beneath illustration was interesting, arsenic Goldman Sachs lowered its US recession probability to 35% from 45% precocious Monday.

• April CPI people expected to amusement archetypal signs of Trump tariffs' interaction connected inflation

• China stocks descent arsenic commercialized pact undermines stimulus hopes

  Chinese stocks struggled connected Tuesday arsenic optimism implicit the US-China rollback of tariffs was clouded by worries that Beijing volition present propulsion backmost connected measures to stimulate the economy.

  The Hang Seng China Enterprises Index (^HSCE) successful Hong Kong ended 2% lower, coming disconnected the anterior day's 3% alleviation rally. Shanghai's onshore benchmark CSI 300 Index (000300.SS) closed 0.2% higher.

  Bloomberg reports:

  Read much here.

• Gold holds aft important driblet

  Gold (GC=F) maintains its nonaccomplishment arsenic the easing of US-China commercialized tensions has pushed investors retired of the safe-haven and into riskier assets.

  Bloomberg reports:

  Read much here.