NEW YORK (Reuters) – The New York Stock Exchange took a pause on Tuesday during a cautious session on the eve of the publication of US inflation figures and three days before the banks’ first quarterly results.
The Dow Jones index fell -0.02%, or 9.13 points, to 38,883.67 points.
The broader S&P-500 rose 7.52 points (0.14%), to 5,209.91 points.
The Nasdaq Composite advanced 52.68 points (0.32%) to 16,306.64 points.
The Consumer Price Statistics (CPI) for March, a key indicator for anticipating the timing of Federal Reserve rate cuts, will be released Wednesday before Wall Street opens.
On Friday, JPMorgan Chase & Co, Wells Fargo & Co and Citigroup will be the first three major banks to publish their quarterly reports. Their stocks fell on Tuesday.
“Equity markets are marking time between major macroeconomic data and the start of the first quarter earnings season,” said Bill Northey, investment manager at US Bank Wealth Management in Montana.
“We are still very close to the all-time highs in the stock markets and this is very much a pause before these key data,” he added.
Bucking the trend, Moderna climbed 6.2% after announcing promising results from clinical trials of an anti-cancer vaccine developed with Merck.
(Stephen Culp, Jean-Stéphane Brosse for the )
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