"Market Watch: Investors Await Inflation Data and Earnings Reports"

U.S. stock indexes remained largely unchanged as traders prepared for upcoming inflation reports, with the S&P 500 edging up slightly. The focus is on whether inflation will cool enough to prompt interest rate cuts by the Federal Reserve, amid concerns about the impact on stock prices and the economy. Meanwhile, big U.S. companies are set to release their first-quarter profit reports, and Treasury yields eased ahead of the inflation update. In Europe, stock indexes declined ahead of the European Central Bank's upcoming decision on interest rates.