Inflation in the US according to the CPI measure – which also includes food and energy prices – amounted to 3.5 percent in June. Analysts had expected 3.8 percent.
The broad-based S&P 500 index rose 0.4 percent, the tech-heavy Nasdaq composite index rose 0.9 percent while the Dow Jones industrial average closed unchanged.
The tense situation in the Persian Gulf continues to affect oil prices. A barrel of North Sea oil costs just over $85 after rising just over 2 percent during the day.
The shares of the American IT consultant IBM had a dark day on the stock market. The shares collapsed after the company issued a profit warning. IBM fell 25 percent.
Several major banks released interim reports on Tuesday that exceeded analysts' expectations.
