From Nasdaq, Inc.:

The Dow increased modestly after the Nasdaq dropped on Monday, with the S&P 500 closing slightly lower but just above 5,000 points. The CPI and PPI this week will influence potential Federal Reserve rate cuts and growth in other sectors like retail sales and consumer sentiment.

Central bankers have shown reluctance for early rate cuts, with at least a 25-basis-point reduction odds dropping to 52.2%. S&P 500 lost 4.12, Nasdaq Composite lost 42.74, and the Dow Jones Industrial Average rose 135.76.

Market rotation coincided with Diamondback Energy’s jump of 9.4%, leading energy to top the 11 S&P 500 sectors. Joby Aviation rose 6.4% after agreeing to launch air taxi services in the United Arab Emirates. Nasdaq had 2,835 issues advanced, and 1,452 declined.



Read more: Nasdaq slips from near all-time high, Dow up modestly ahead of inflation data