Feb 14 (Reuters) – Wall Street’s major indexes are lower on Tuesday as gains in Tesla and Nvidia stocks outweighed fears that the US Fed is likely to hike rates further this year after data showed a still-strong inflation.
Tesla Inc shares rose 6.54% and Nvidia Corp shares rose 3.84%.
Stock index futures showed marked volatility as data showed US consumer prices rose in January in line with forecasts.
Markets started the year on a bullish note, thanks to renewed interest in growth stocks that suffered in 2022 when the US Federal Reserve raised rates aggressively to control the price spike.
US 10-year Treasury yields have stabilized near a six-week high after falling earlier.
The Dow Jones index fell 0.61% to 34.037.93 points by 19:16 Moscow time, the S&P 500 fell 0.36% to 4.122.52 points, and the Nasdaq fell 0.20% to 11.867.49 points.
Shares of Coca-Cola Co fell 0.8% despite a strong full-year earnings outlook. Original English message available by code (Johann M Cherian and Shruthi Shankar in Bangalore with input from Steven Culp in New York)
