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 137.87 points to 38,754.93.
The S&P 500 eased 12.08 points to 5,190.31.
The NASDAQ dropped 5.54 points to 16,248.41.
Chipmaker Nvidia dropped 3%. Other mega-cap tech names were also negative for the day, with Meta and Netflix down more than 1% each.
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 $1.29 to $85.14 U.S. a barrel.
Gold prices captured $12.10 to $2,363.10 U.S. an ounce.