All U.S. stock markets ended Tuesday’s trading without a single trend: the Dow Jones and S&P 500 declined, while the Nasdaq gained. The Dow Jones Industrial Average declined 0.46% to 3,4089.27 points. The Standard & Poor’s 500 fell 0.03% to 4136.13 points. Meanwhile, the Nasdaq Composite index rose 0.57% to 11960.15 points.

Factors affecting the U.S. stock markets

Traders assessed U.S. inflation data for January. U.S. consumer prices (CPI) rose 6.4% in January compared to the same month a year earlier, according to data from the nation’s Labor Department. Thus, inflation slowed down from 6.5% in December.

However, analysts had expected a much more significant weakening in price growth, to an average of 6.2%, according to Trading Economics.

Meanwhile, the index was better than the most pessimistic forecasts that called for inflation at 6.5% or higher, in which case the indicator S & P 500 would have fallen by 2.5%, experts say JPMorgan.

A day earlier, a member of the Board of Governors of the U.S. Federal Reserve (Fed) Michelle Bowman expressed the view that the need to further increase the Fed’s benchmark interest rates remains, despite the fact that inflation in the United States is slowing.

Tom Barkin, head of the Federal Reserve Bank (FRB) in Richmond, told Bloomberg in an interview Tuesday, after the release of statistical data that U.S. inflation may be falling more slowly than many people would like. Traders also continued to evaluate companies’ quarterly results.

Earlier, we reported that Asian stock indicators are down on US inflation data.