The three major indexes of the U.S. New York stock market started higher but turned mixed. While the Dow Jones Industrial Average switched to a decline, the Standard & Poor's (S&P) 500 index and the Nasdaq index are rising.
On the 13th (Eastern Time), the Dow Jones Industrial Average started at 42,507.33 on the New York Stock Exchange (NYSE) and as of 9:53 a.m. was showing a decline of 167.05 points (0.39%) at 42,243.05.
At the same time, the large-cap S&P 500 index rose 19.55 points (0.33%) to 5,863.74, while the tech-heavy Nasdaq index increased 69.74 points (1.46%) to 18,853.39, continuing its strength from the previous day.
In April, U.S. consumer prices were recorded to have risen less than expected, amid concerns that the impact of President Donald Trump's tariff war has not yet been reflected.
On the same day, the U.S. Department of Labor announced that the Consumer Price Index (CPI) for last month rose by 2.3% compared to the same month last year. This is a slower increase than the previous month (2.4%), recording the lowest rise in over four years since February 2021 (1.7%).
However, the market is evaluating that the inflation resulting from Trump's tariff war was already anticipated. A 10% basic tariff went into effect on April 5, and individual additional tariffs by country were postponed for 90 days at that time, except for China.
Bank of America assessed last April's figures as "a gauge showing calm before the tariff storm."
Additionally, the Financial Times (FT) projected that "tariffs will inevitably lead to rising prices, which American corporations will have to tackle by exhausting existing inventory and selling new products at higher prices starting this summer."
By sector, there is a mixed trend, with healthcare falling over 2%. The announcement of a change in the chief executive officer (CEO) of UnitedHealth, the largest health insurer in the United States, along with the withdrawal of this year's guidance has become a negative factor.
On the other hand, Coinbase, the largest cryptocurrency exchange in the United States, is seeing its stock price rise over 15% as its inclusion in the major U.S. index, the S&P 500, has been confirmed.
Moreover, NVIDIA is trading at $127, up 3.8%. This is due to expectations that the Biden administration's plan to limit computing capabilities may be relaxed by the Trump administration.
Meanwhile, European stocks are slightly up on the day. The Euro Stoxx 50 index has risen 0.17% from the previous session. The German DAX index is up 0.15%, the British FTSE index is up 0.05%, and the French CAC 40 index is up 0.25%.