by Chuck Mikolajczak
NEW YORK (Reuters) – The New York Stock Exchange ended lower on Tuesday, giving up modest gains recorded at the start of the session, as investors await the publication of the PCE price index, favored by the US Federal Reserve (Fed ).
The Dow Jones index fell 0.08%, or 31.31 points, to 39,282.33 points.
The broader S&P-500 lost 14.61 points, or 0.28%, to 5,203.58 points.
The Nasdaq Composite fell 68.77 points (0.42%) to 16,315.699 points.
The market struggled to find momentum, although Tesla gained after announcing plans to offer its U.S. customers a one-month free trial of its Full Self-Driving (FSD) driver assistance system. .
Investors’ attention is focused on the publication on Friday, when markets will be closed due to the Easter weekend, of the PCE price index, the Fed’s preferred measure of inflation.
“The day that matters is Friday. It’s the day that everyone is waiting for and whatever happens in between, it won’t matter. So I don’t expect that there’s a lot happening until the data comes out,” said Stephen Massocca, vice president at Wedbush Securities in San Francisco.
“What could weigh on the market is if something happens that causes people to think that the federal funds rate has not yet peaked. If, for some reason, the “If people thought the Fed was considering raising rates again, it would be best to stay away.”
Markets expect the Fed to cut rates in June, with a probability of at least 70.4%, compared to a probability of 59.2% last week, according to the CME FedWatch barometer.
In values, Trump Media & Technology Group progressed after its first day of trading as part of a merger with Spac Digital World Acquisition.
Spice maker McCormick jumped after reporting first-quarter sales and profit that beat market expectations.
United Parcel Service fell after announcing its 2026 forecast on Tuesday.
(French version Camille Raynaud)
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