#CryptoCPIWatch

Stock Market Today: Inflation Slows to 2.3%; Stocks Mostly Rise

Dow industrials lag while S&P 500 turns positive on the year

U.S. markets turned mostly higher Tuesday after the government reported good news on inflation.

The consumer-price index showed inflation easing slightly to 2.3% in the 12 months through April. That marked the slowest annual rate since early 2021 and undershot expectations that it would remain at 2.4%. Investors and analysts said the report was positive, but cautioned that it was too soon to say how President Trump's trade policies would affect prices.

The S&P 500 and Nasdaq Composite rose, extending Monday's rally on the heels of the U.S.-China tariff thaw.

For markets, recent pacts with the U.K. and China offer welcome signs the White House is retreating from its harshest tariff threats, though there is still substantial uncertainty over where tariffs will settle.

A few hours after Beijing and Washington agreed to temporarily slash levies on each other's goods, the Trump administration also cut charges for low-value Chinese packages that it had imposed after closing a loophole known as the "de minimis" exemption. Boeing shares rose after China scrapped a ban on airlines taking delivery of the aviation company's planes.

Meanwhile, Trump visited Saudi Arabia, where he and Crown Prince Mohammed bin Salman signed on Tuesday a broad economic partnership strategy and a series of commercial agreements.