Wall Street closed mixed today as investors focused on key inflation reports due out this week.
The data releases include the Consumer Price Index (CPI) for February on Wednesday and the Personal Consumption Expenditures (PCE) Price Index for January on Thursday.
The data is considered crucial to give investors a clearer indication of the current inflation trend.
In terms of major index performance, the Dow Jones fell 0.07%, the S&P 500 fell 0.21%, while the Nasdaq Composite rose 0.01%.
Nine of the 11 sectors in the S&P recorded declines after energy stocks fell following the sharp decline in oil prices.
At the same time, chip heavyweights rose, driven by strong sales data from TSMC, including Nvidia (1.2%), Micron Technology (3.5%) and Intel (2.6%).
Previously, the main index recorded positive gains after the conflict between the United States (US) and Iran was reported to be ending soon.
However, US officials signaled that military operations were escalating and the prospects for diplomatic talks remained limited.
