US stocks were mostly lower on Tuesday, with the S&P 500 and Nasdaq posting losses.
trade was volatile on Tuesday as investors remained cautious ahead of the main inflation report and the start of the third-quarter earnings season. The producer price index report will be released on Wednesday, while consumer price data is due to be released on Thursday.
That Bank of England is scheduled to end its emergency relief program on Friday.
That Nasdaq100 down 1.24% to close at 10,791.35 on Tuesday amid a decline Meta Platforms, Inc. META stocks while the S&P500 fell 0.65%. That Dow Jones rose 36 points to 29,239.19 in the previous session.
Major sectors of the S&P 500 ended on mixed marks, with real estate and consumer staples stocks posting the biggest gains on Tuesday. However, communications services stocks were among the worst performers, falling around 1.6% in the previous session.
The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) rose 2.9% to 33.38 points.
What is the CBOE Volatility Index?
The CBOE Volatility Index, popularly known as the VIX, is a measure of stock market volatility expectations based on call and put options of the S&P 500 index options.
