The S&P 500 and Nasdaq rose on Tuesday as investors analyzed new inflation data and considered what it might mean for monetary policy. Click to read.

Inflation slowed to the lowest point in four years last month, but progress in reining it in will likely end there as higher tariffs start to push up the cost of consumer goods. The consumer price index climbed 2.

April’s inflation report could show tariffs’ effects, although some analysts say businesses are working through stockpiled inventory and are hesitant to raise prices yet.

And in the Wall Street Research Corner, Goldman Sachs re-upped its target for the S&P 500 in the wake of tariff landscape 3.0. Strategist David Kostin raised his year-target for the benchmark index to 6,100 from 5,900. He also raised his 12-month target to 6,500 from 6,200.

Wall Street was on track to open with losses as the initial euphoria over the 90-day truce in the U.S.-China trade war faded.

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Rents and home prices aren’t going up like crazy anymore, but they are still one of the biggest sources of U.S. inflation.