Major stock indices showed divergent performance in Tuesday trading. The S&P 500 declined slightly while European markets posted modest gains.
Recent inflation reports have been higher than many analysts expected. This has led to concerns about prolonged high interest rates from central banks.
Technology stocks were particularly volatile after quarterly earnings reports. Some major companies missed revenue projections while others exceeded expectations.
Federal Reserve officials have signaled caution about future rate adjustments. Market participants are now pricing in fewer rate cuts than previously anticipated.