S mall caps and blue chips lagged a generally down market Friday as the Russell 2000 and Dow Jones Industrial Average were responsible for most of the selling. Meanwhile the Nasdaq and S&P 500 tried to limit losses as Nvidia NVDA and Palantir PLTR continued to attract buyers on the stock market today.

The first of these reports showed U.S. consumer prices posted their biggest jump in five months in June, hinting that tariffs may be starting to heat up inflation.

Elias Haddad, senior markets strategist at Brown Brothers Harriman, noted that the effect of tariffs on inflation has been muted, but stuck to the view that "higher U.S. levies is a downside risk to U...

The Dow Jones average finished higher Wednesday after the Fed's June minutes flicked to potential rate cuts. Nvidia set a new high, and hit the $4 trillion mark in valuation.

Most stocks slumped on Tuesday after the latest update on inflation hurt Wall Street’s hopes for lower interest rates.

Economists said higher prices for clothes, toys and other imported goods suggest that Trump’s stiffer tariffs are fueling inflation.