S&P 500 and Nasdaq Lose Morning Gains
U.S. stocks experienced volatile trading on Tuesday, with the S&P 500 and Nasdaq Composite retreating from their earlier highs as investors anticipated the release of key CPI inflation data on Wednesday.
The S&P 500 dropped 0.4%, trading at 5,812 after reaching a morning session peak of 5,871.92. Earlier gains were fueled by a softer-than-expected wholesale inflation report, but momentum faded as the session progressed.
Nasdaq Composite Slides for Fifth Consecutive Day
The Nasdaq Composite fell 0.8% to 18,934 as of 3:05 p.m. Eastern, marking five consecutive days of losses. If trends hold, it would be the index’s largest five-day percentage decline since September, based on Dow Jones Market Data.
Dow Remains Stable
The Dow Jones Industrial Average (DJIA) showed more stability, trading nearly flat at 42,298, as it resisted the volatility seen in other indexes.
Market Highlights
- S&P 500: Down 0.4%, ending at 5,812.
- Nasdaq Composite: Fell 0.8% to 18,934, approaching its worst five-day streak since September.
- Dow Jones: Flat, trading near 42,298.
Investors now focus on the upcoming Consumer Price Index (CPI) report, which is expected to provide crucial insights into inflation trends and the potential impact on future market movements.
