US Stock Market Reacts to Inflation Data Amid Trade War Concerns

U.S. stocks opened higher as inflation data met expectations, with the S&P 500 up 0.13% and the Dow rising 0.30%. However, all major indexes are on track for monthly losses amid concerns over President Trump’s tariff plans, which could ignite trade wars and inflation. Corporate news includes Autodesk cutting 9% of its workforce, HP planning layoffs due to weak results, and Elastic reporting better-than-expected earnings. Meanwhile, Bitcoin fell to a three-month low, reflecting ongoing struggles in the crypto market.

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