Wall Street Remains Subdued Ahead of Inflation Data and Dividend Cuts
TL;DR Summary
US stock indexes struggled for direction on Monday amid disappointing earnings from Tyson Foods and Catalent, a weak rebound in regional banks, and a shift in focus to a key inflation reading later this week. The spotlight this week will be on the Labor Department's inflation reading on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March. The Dow Jones Industrial Average fell 0.2%, the S&P 500 was flat, and the Nasdaq Composite added 0.08%.
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