S&P 500 closes at record, Nasdaq adds 1% as stocks shake off J&J vaccine halt, higher inflation; European stocks close slightly higher with data and earnings in focus
U.S. stocks traded mostly higher on Tuesday after a March inflation report turned out not as bad as some traders feared, but the impact of a halt to the rollout of Johnson & Johnson vaccine kept optimism in check.
The S&P 500 added 0.33% to finish at 4,141.59 and locked in a new closing high. The Nasdaq Composite, the relative outperformer, gained just over 1% to 13,996.1 as Apple and PayPal each added more than 2%. Semiconductor maker Nvidia climbed 3%, Tesla rose 8.6%.
The consumer price index, one of Wall Street’s most-popular inflation gauges, rose 0.6% in March and increased 2.6% from the same period a year ago. Economists polled by Dow Jones were projecting the headline index to rise by 0.5% month over month and 2.5% year over year.
The pan-European Stoxx 600 ended the session up by 0.1% with retail stocks climbing 1.6% while banks shed 0.6%.
China Eastern Airline will increase its stake in Air France KLM after contributing to a $1.2 billion share issue, the Franco-Dutch airline group announced Monday.
Shares of Just Eat Takeaway rose 6.7% after the British-Dutch food delivery company said in a business update that orders rose by 79% in the first quarter. German rival Delivery Hero’s shares were up by 3.3%, while Deliveroo climbed 5.7%.
Source: CNBC