Stocks are sticking with their upward trajectory on Tuesday as inflation hasn’t been the wild card investors expected, and earnings look healthy so far.
The S&P 500 rose 0.5% at the open, while the tech-heavy Nasdaq was up 0.8%. The Dow opened flat.
June’s consumer price index data failed to ruffle any feathers. At the core, removing the more volatile prices of food and energy, inflation has remained relatively subdued despite tariff threats.