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US stocks traded mixed after initially rising early Tuesday as investors took in the first of two key inflation reports this week, which showed prices rose less than expected in December. Also in focus was a report that the incoming Trump administration could hike tariffs more gradually to ease inflationary pressures.
The benchmark S&P 500 (GSPC) and tech-heavy Nasdaq Composite (IXIC) each reversed early gains to fall around 0.1% and 0.3%, respectively, while the Dow Jones Industrial Average (DJI) traded just above the flatline on the heels of a winning day for the blue-chip index.
The Producer Price Index, which tracks price changes companies see at a wholesale level, rose 3.3% over last year, up from 3% in November but less than economists expected. It rose 0.2% over the previous month, also less than expected. The report lays the groundwork for Wednesday's heavily anticipated consumer inflation print.
Meanwhile, President-elect Donald Trump's team is considering a month-by-month rollout of promised tariff increases rather than imposing higher levels in a single move, Bloomberg reported, in a bid to help prevent inflation spikes.
The likelihood that Trump's policies will pump up price pressures has been worrying markets, as that could limit the Federal Reserve's scope for cutting in
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2025/01/14
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