Stocks were little changed Tuesday as investors look toward the release of economic data later this week for insight into the pace of future interest rate hikes.
The Dow Jones Industrials improved 72.98 points to start Tuesday at 33,659.50.
The S&P 500 dipped 0.76 points to 4,108.35.
The NASDAQ dropped 47.49 points to 12,036.86.
CarMax shares jumped 5% after the used car retailer beat earnings expectations in its latest quarter, though it missed revenue estimates, according to Refinitiv. Meanwhile, Moderna shares shed more than 3% 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 82 cents to $80.56 U.S. a barrel.
Gold prices recovered $11.50 to $2,015.30 U.S. an ounce.