U.S. indices sold off to close Tuesday’s session following earlier strength. Investors reacted to the March CPI report and continue to assess Fed rate hike concerns.
While CPI data showed consumer prices rose 8.5%, Core CPI came in slightly below estimates. The index for all items less food and energy rose 0.3% in March following a 0.5% increase the prior month. The index for apparel rose 0.6% in March.
- The Nasdaq composite finished lower by 0.30% to 13,371; The Invesco QQQ Trust Series 1 QQQ lost 0.42% to $339.45
- The S&P 500 traded lower by 0.34% to 4,397; The SPDR S&P 500 ETF Trust SPY lost 0.38% to $438.24
- The Dow Jones composite finished lower by 0.03% to 11,578; The SPDR Dow Jones Industrial Average ETF Trust DIA finished lower by 0.29% at $342.22
Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.
Marathon Oil Corporation MRO, Devon Energy Corp DVN and Darden Restaurants, Inc. DRI were among the top gainers for the SPY.
CarMax, Inc KMX, Catalent Inc CTLT and Twitter Inc TWTR were among the top losers for the S&P 500.
Elsewhere On The Street
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