Fed Assessment and AI Earnings Impact Dow Jones.

The Dow Jones Industrial Average traded slightly lower ahead of Wednesday's CPI inflation report, while the S&P 500 and Nasdaq fell. Palantir surged over 20% after strong earnings, while PayPal sold off hard after earnings. Economists expect a 0.4% rise in inflation in April after March's cool 0.1% bump, but traders expect a rate pause in June. Talks about raising the debt ceiling before June 1 are on watch as President Joe Biden meets congressional leaders to discuss the $31 trillion cap.