Ovunc Kutlu
13 July 2021•Update: 13 July 2021
ANKARA
US stocks opened lower on Tuesday after consumer inflation marked its largest increase in 13 years.
The Dow Jones fell 43 points to 34,952 at 9.59 a.m. EDT (1359 GMT). The S&P 500 was down 2 points to 4,381.
The Nasdaq, on the other hand, was up 10 points to 14,743, the day after it hit an all-time high of 14,761.
The dollar index was up 0.3% to 92.50, and the VIX volatility index, known as the fear index, was flat at 16.17.
The yield on 10-year US Treasury notes, however, plummeted 1.1% to 1.348%.
Despite posting a decline on Monday after seven consecutive days of increase, gold was up again by 0.4% at $1,813 per ounce. Silver was down 0.3% to $26.1.
US consumer prices rose 5.4% in June from the same month a year ago, marking its largest 12-month increase since August 2008.
The producer price index (PPI) that will be released Wednesday will give more hints for the Federal Reserve amid rising inflation before a definite answer about an interest rate decision.
