An acceleration of consumer inflation and a selloff in bank shares struck a cautious note on Wall Street Tuesday, weighing down stocks and lifting bond yields. June’s consumer-price index showed annual inflation rising to 2.7%, up from 2.4% in May. The headline number came in line with forecasts, but price increases for goods like furniture and major appliances indicate that President Trump’s tariff policies might be raising the cost of living, analysts and economists said. The Dow Jones Industrial Average fell 1%, while the S&P 500 declined 0.4%.
