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S&P 500, Nasdaq gain after tame inflation data; Boeing weighs on Dow – Metro US

S&P 500, Nasdaq gain after tame inflation data; Boeing weighs on Dow

NEW YORK (Reuters) – The S&P 500 and the Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve’s dovish stance on interest rate hikes, but the Dow ended lower as Boeing’s shares sank for a second day after one of its planes crashed in Ethiopia.

The Dow Jones Industrial Average fell 94.32 points, or 0.37 percent, to 25,556.56, the S&P 500 gained 8.41 points, or 0.30 percent, to 2,791.71 and the Nasdaq Composite added 32.97 points, or 0.44 percent, to 7,591.03.

(Reporting by Caroline Valetkevitch in New York; Editing by James Dalgleish)