Stocks pause as key inflation data eyed


The Dow fell 96.82 points, or 0.25%, to 38,972.41. The S&P 500 gained 8.65 points, or 0.17%, at 5,078.18 and the Nasdaq rose 59.05 points, or 0.37%, to 16,035.30.

NEW YORK: US stocks closed near flat on Tuesday ahead of inflation and other economic data that could shed light on the possible timing of a Federal Reserve interest rate cut.

As corporate earnings season winds down, investors refocused on economic data and the likely path of US rates. Equities have been on a furious rally for weeks, fueled largely by enthusiasm about artificial intelligence-related stocks that lifted the S&P 500 and Dow Jones industrials to record levels while leaving the Nasdaq just short of a new high.

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