“Markets Waver as S&P 500 and Nasdaq Fall Ahead of Key Inflation Report”
U.S. Stocks Face Volatility
U.S. stock markets experienced volatile trading on Tuesday as the S&P 500 and Nasdaq Composite reversed their earlier gains. Investors were cautious ahead of the Consumer Price Index (CPI) inflation report, set for release on Wednesday morning.
S&P 500 Retreats After Early Gains
The S&P 500 fell by 0.4% to approximately 5,812, after climbing to a session high of 5,871.92 earlier in the day. Early optimism came from a weaker-than-expected wholesale inflation reading, but gains were pared as the session progressed.
Nasdaq Sees Consecutive Declines
The Nasdaq Composite dropped 0.8% to around 18,934 by 3:05 p.m. Eastern Time, according to FactSet data. This marks the fifth consecutive day of losses for the tech-heavy index and its largest five-day percentage decline since September, based on Dow Jones Market Data.
Dow Holds Steady
The Dow Jones Industrial Average (DJIA) was nearly flat, trading at approximately 42,298.
Key Index Performance at a Glance
- S&P 500 (SPX): 5,812 (-0.4%)
- Nasdaq Composite (COMP): 18,934 (-0.8%)
- Dow Jones (DJIA): 42,298 (flat)
Stay tuned for the release of the CPI inflation report, which is expected to play a crucial role in shaping market sentiment and Federal Reserve policy.
