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US Markets React as Investors Brace for Key Inflation Data

US Stock Exchanges Mostly Higher Ahead of Inflation Report

US Stock Market

On Tuesday, stock exchanges in New York City opened mostly higher, driven by anticipation for the November consumer inflation data in the United States, set to be published tomorrow. The Nasdaq 100 gained 0.23%, and the S&P 500 added 0.09%, with Alphabet Inc.'s Class A stock surging 5.27%, while its Class C shares jumped 5.22%.

However, the Dow Jones Industrial Average declined 0.21% as Caterpillar Inc. dropped 2.78%. Shares of Oracle Corporation plunged 9.38% following the company's underwhelming second-quarter revenue report.

Meanwhile, the euro dipped 0.20% against the dollar, trading at 1.05285.