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US indicators mixed as Wall Street prepares for key inflation report
US stocks were mixed in Wall Street trading on Tuesday, as investors struggled to regain some positive momentum ahead of the release of key US inflation data.
The 30-share Dow Jones Industrial Average settled at the close after falling 72 points, or 0.3%, during the trading day. At its lowest level of the session, the Dow Jones Index fell 320.71 points, or 0.8%. The S&P 500 index closed marginally higher by 0.14%, while the Nasdaq Composite rose by about 0.32%.
Chipmaker Nvidia's stock fell 2.4%. Other big tech names were also negative for the day, with Meta
The March CPI report is scheduled for release on Wednesday at 8:30 a.m. ET. At a time when economists surveyed by Dow Jones expect inflation to rise by 0.3% in March on a monthly basis.
The March CPI report is scheduled to be released on Wednesday at 8:30 a.m. ET. Economists surveyed by Dow Jones expect inflation to rise by 0.3% in March on a monthly basis.
Investors will be watching the data closely as they search for clues about when the US Federal Reserve will start cutting interest rates. For now, they are unlikely to cut interest rates in June, according to CME Group's FedWatch tool.
