Tue, May 14 2024 11:37 AM EDT
Europe markets close slightly higher
European markets on Tuesday provisionally ended 0.2% higher, with most sectors in positive territory although major bourses were mixed.
Autos stocks led the gains, up 1.4%, while telecoms stocks rose 1.2%.
— Sam Meredith
Tue, May 14 2024 11:09 AM EDT
Oil prices dip
Oil prices were lower on Tuesday as energy market participants digested U.S. data that indicated inflation remains sticky.
International benchmark Brent crude futures with July delivery fell 1.3%, or $1, to trade at $82.29 per barrel, while U.S. West Texas Intermediate futures with June delivery slipped 1.5%, or $1.1, to trade at $77.97.
U.S. producer prices rose 0.5% for the month of April, higher than the 0.3% Dow Jones estimate.
— Sam Meredith
Tue, May 14 2024 9:53 AM EDT
Auto stocks lead gains
Tue, May 14 2024 9:33 AM EDT
Stocks open little changed
Stocks opened little changed on Tuesday morning, following April’s hotter-than-expected reading of the producer price index.
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all trading near flat shortly after market open.
— Lisa Kailai Han
Tue, May 14 2024 9:04 AM EDT
