The Dow Jones Industrials gained 98.6 points to close out Tuesday at 33,685.12.
The broader index retreated 0.06 points to 4,109.05.
The NASDAQ fell 52.48 points to 12,031.88.
Cyclical stocks outperformed, even as tech names lagged. Energy names were among the top gainers in the S&P 500, with the sector up more than 1%. On the other hand, tech stocks lagged the broader index, with the information technology sector falling by more than 0.5%.
Meanwhile, CarMax shares jumped 10% after the used car retailer posted a stronger-than-expected quarterly profit. Moderna shares shed more than 2% after the biotech firm said it’s delaying its flu vaccine.
Investors are anticipating the March readings of the consumer price index, due Wednesday, and the producer price index, out Thursday. Both inflation metrics could give further clarity into how the Federal Reserve might proceed on its rate-hiking campaign.
Further, Wall Street is heading toward another season of earnings announcements, with several major U.S. banks scheduled to release their earnings reports for the first time since the series of bank crises in March. JPMorgan Chase, Wells Fargo and Citigroup are set to report Friday.
Prices for the 10-year Treasury sagged, lifting yields to 3.43% from Monday’s 3.42%. Treasury prices and yields move in opposite directions.
Oil prices regained $1.69 to $81.43 U.S. a barrel.
Gold prices recovered $15.70 to $2,019.50 U.S. an ounce.