US stocks end lower as investors await key inflation data

ISTANBUL

US stocks closed with losses Tuesday as investors awaited key inflation data that will be released before the beginning of the next session.

The blue-chip Dow Jones Industrial Average fell 56 points, or 0.17%, to finish at 33,561. The S&P 500 was down almost 19 points, or 0.46%, at 4,119.

The tech-heavy Nasdaq decreased 77 points, or 0.63%, to end the session at 12,179.

The key consumer inflation figures for April will be released Wednesday before the market opens at 8.30 a.m. EDT.

While consumer inflation rose 9.1% annually last June, the largest 12-month increase since November 1981, the Federal Reserve’s aggressive monetary tightening and rapid interest rate increases substantially slowed down the figure to a 5% annual gain in March.

The VIX volatility index, also known as the fear index, jumped 4.3% to 17.71. The 10-year US Treasury yield, meanwhile, rose 0.26% to 3.528%.

The dollar index was up 0.26% to 101.64, while the euro decreased 0.37% to $1.0963 against the greenback.

Precious metals were in positive territory, with gold adding 0.66% to $2,034 per ounce and silver rising 0.18% to $25.60.

Oil prices increased around 0.4%, with global benchmark Brent crude at $77.25 per barrel and US benchmark West Texas Intermediate at $73.50.