Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average ended slightly higher after the release of the Fed's March meeting minutes.
- Delta Air Lines (DAL - Get Report) beat Wall Street's first-quarter earnings expectations. The stock rose 1.6%.
- Apple (AAPL - Get Report) ended up after the tech giant received another downgrade from analysts at HSBC.
Wall Street Overview
Consumer prices accelerated in March, though mostly because of gains in gasoline and electricity prices, the U.S. Labor Department said. The consumer price index for all items rose 1.9% over the past 12 months, faster than the 1.5% pace of the prior month and economists' average estimate of a 1.8% increase. Excluding volatile energy and food prices, the index rose just 0.1% during the month, less than the 0.2% gain forecast by economists.
On the international trade front, Treasury Secretary Steven Mnuchin said U.S and China have agreed on the trade deal enforcement mechanism, CNBC reported.
"We've pretty much agreed on an enforcement mechanism. We've agreed that both sides will establish enforcement offices that will deal with the ongoing matters. This is something both sides are taking very seriously," Mnuchin said.
The International Monetary Fund on Tuesday warned that the global economy was slowing more than expected and a sharp downturn could require world leaders to coordinate stimulus measures.
Delta Air Lines (DAL - Get Report) beat Wall Street's first-quarter earnings expectations. The Atlanta-based airline said it earned 96 cents a share on an adjusted basis, compared with estimates of 90 cents. Revenue for the quarter was $10.47 billion, compared with forecasts of $10.42 billion. Shares were up 1.6% to $57.86.