In the 12 months through February, the core CPI rose 2.1 percent.
"The Dow Jones Industrial Average is a price-weighted average, and it just so happens that Boeing is its highest-priced component, which means it is going to have some outsized influence on its performance", he wrote.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, Mar 8, 2019. The bank's market value rose by $14 billion, which sounds impressive except for this fact: Apple, a much larger company, saw its market value rise by $24 billion, yet it accounted for less than 1% of the rise in the Dow because the price of its stock didn't change much.
The S&P 500 index rose 8 points, or 0.3 percent, to 2,791.
The Dow lost 96.22 points, or 0.4%, to end at 25,554.66. S&P 500 e-minis were down 0.25 points, or 0.01 percent and Nasdaq 100 e-minis were up 7.5 points, or 0.1 percent.
The price of USA crude oil rose 8 cents to $56.87 a barrel, while Brent crude rose 9 cents to $66.67 a barrel.
Asian stock markets have followed Wall Street higher as investors look ahead to the British parliament's vote on a plan to leave the European Union. That snapped a five-day losing streak for the S&P, which was coming off its worst weekly stumble this year.
Tumbling shares in USA aviation giant Boeing on Monday tore a hole in the Dow Jones Industrial Average, sending the benchmark index into the red for a sixth day.
Many feared dead, scores of school pupils trapped in Lagos building collapse
In Lagos that same year, a five-story building still under construction collapsed, killing at least 30 people. Associated Press video from the scene showed a dust-covered child being carried out of the rubble, to cheers.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.61 percent from 2.64 percent late Monday.
The Labour Department said its Consumer Price Index (CPI) rose 0.2%, in line with estimates, and in the 12 months through February, the CPI rose 1.5%, the smallest gain since September 2016. May silver ended 13.9 cents, or 0.9%, higher at $15.413 an ounce.
The Nasdaq is up 182.89 points, or 2.5 per cent.
Google's parent company Alphabet added 1.8 percent in the first few minutes of trading Tuesday. Fifth Third Bancorp rose 1.3 per cent.
Airlines in China, Indonesia, and Ethiopia grounded all Boeing 737 MAX 8 airplanes after that model crashed on Sunday on its way to Nairobi. Facebook rose 2.3 per cent and Morgan Stanley rose 1.3 per cent.
Coca-Cola Co dipped 0.1 percent after HSBC downgraded the soda maker's stock. The Nasdaq rose 36 points, or 0.5 per cent, to 7,626.
"With headline CPI inflation edging down to a two-and-a-half-year low of 1.5% in February, from 1.6%, and core inflation dropping to a four-month low of 2.1%, from 2.2%, the Fed would appear to be justified in supporting the real economy by being patient and leaving interest rates on hold for a potentially extended period", Paul Ashworth, chief United States economist for Capital Economics, wrote in a note Tuesday.