US Stock Market LIVE: Dow Jones falls 170 points as Microsoft announces thousands of job cuts across divisions

US Stock Market LIVE: US stocks are drifting in mixed trading on Tuesday (May 13) following a report that showed inflation unexpectedly slowed across the country last month. The S&P 500 was edging up by 0.1% in early trading, coming off a big gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations.

US Stock Market LIVE: US stocks are drifting in mixed trading on Tuesday (May 13) following a report that showed inflation unexpectedly slowed across the country last month. The S&P 500 was edging up by 0.1% in early trading, coming off a big gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations. The Dow Jones Industrial Average was down 209 points, or 0.5%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.5% higher. Stocks have been roaring back since the S&P 500 fell nearly 20% below its record last month on hopes that President Donald Trump will lower his stiff tariffs on trading partners worldwide before they create a recession and send inflation spiking higher.