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The Dow Jones Industrial Average pulled back Tuesday as investors struggled to regain some positive momentum ahead of the release of key U.S. inflation data.
The 30-stock index descended 279.24 points to 38,613.56.
The S&P 500 eased 34.46 points to 5,167.93.
The NASDAQ dropped 73.38 points to 16,180.57.
Chipmaker Nvidia dropped 3.5%. Other mega-cap tech names were also negative for the day, with Meta and Netflix down 1.7% and 1.6%, respectively. Meanwhile, shares of Amazon also ticked up 0.3%, on pace to break the previous record close from 2021.
The March consumer price index report is slated for release Wednesday at 8:30 a.m. ET. Economists surveyed by Dow Jones expect inflation to have increased 0.3% in March on a month-over-month basis.
Prices for the 10-year Treasury gained ground, lowering yields to 4.37% from Monday’s 4.42%. Treasury prices and yields move in opposite directions.
Oil prices faltered 63 cents to $85.80 U.S. a barrel.
Gold prices captured $28.10 to $2,379.10 U.S. an ounce.
