Stocks fell Tuesday as investors continued to weigh the benefits and risks of reopening state economies.
 | TUE, MAY 12, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 311.41 | -3.60 | -1.14% | | MSFT | 182.51 | -4.23 | -2.27% | | JPM | 87.03 | -2.94 | -3.27% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 6.00 | -0.19 | -3.07% | | F | 4.98 | -0.14 | -2.73% | | BAC | 21.87 | -0.71 | -3.14% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 53.76 | -1.98 | -3.55% | | AAL | 9.65 | -0.45 | -4.46% | | AAPL | 311.41 | -3.60 | -1.14% | |
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There's no need to worry about inflation, at least until it comes time to eat. Food prices surged 2.6% in April, which was the largest one-month spike since February 1974, CNBC's Thomas Franck reports. If you've been to the grocery store you've likely noticed higher prices, but perhaps felt lucky that at least the shelves were stocked. Meats, poultry, fish and eggs rose 4.3%, fruits and vegetables climbed 1.5%, and cereals and bakery products were up 2.9%.  Excluding food and energy prices, however, the U.S. core consumer price index fell 0.4%, its largest dip since at least 1957, CNBC's Jeff Cox reports. Predictably, among the declining categories were car and truck rentals, down 16.6%; airline fares, a drop of 15.2%; and men's suits, down 11.3%. Stocks posted losses on Tuesday as investors weighed the benefits and risks of reopening the economy as the coronavirus pandemic still rages. Even the tech-heavy Nasdaq Composite fell, ending a 6-day winning streak. "Markets will watch out for any cracks in the financial system and elsewhere in the economy as virus infections climb," wrote Mike Pyle, global chief investment strategist at the BlackRock Investment Institute. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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