US stock indices were flat on Tuesday after stronger-than-expected producer prices inflation and ahead of Federal Reserve Chair Jerome Powell’s speech later in the day.
At the opening bell, the S&P 500 was lower by 0.32 points, or 0.01 per cent, at 5,221.10, while the Nasdaq Composite gained 2.92 points, or 0.02 per cent, to 16,391.16. The Dow Jones Industrial Average rose 35.25 points, or 0.09 per cent, to 39,466.76.
Crude oil
Oil prices were flat on Tuesday after OPEC maintained its global oil demand forecasts.
Brent crude futures fell 9 cents to $83.27 a barrel at 1102 GMT, while US West Texas Intermediate (WTI) crude futures also lost 9 cents to $79.03 a barrel.
Bullion
Gold prices appreciated on Tuesday as investors awaited the crucial inflation data.
Spot gold was up 0.4 per cent at $2,345.39 2 per ounce by 1209 GMT. US gold futures rose 0.4 per cent to $2,351.20. Spot silver rose 0.7 per cent to $28.39 per ounce.
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Published: 14 May 2024, 07:25 PM IST
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