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• Investors are looking forward to the US inflation data due on Wednesday
The Dow booked its fourth straight day of losses, while the S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising.
The Dow Jones Industrial Average fell 84.96 points, or 0.3%, to close at 32,160.74.
The S&P 500 rose 9.81 points, or 0.2%, to finish at 4,001.05, while the Nasdaq Composite 114.42 points, or 1%, to end at 11,737.67. Both the indices ended a three-day losing streak.
Treasury yields continued a pullback from three-and-a-half-year highs, with the rate on the 10-year note, falling 9 basis points to 2.990%
Investors are analyzing the impact of the Federal Reserve’s decision to lift interest rates on the U.S. economy.
Last week, the US Federal Reserve raised the short-term benchmark interest rate by half a percentage point or 50 basis points and outlined its plans to shrink its $9 trillion asset portfolio.
Market movers
Shares of Apple Inc (NASDAQ: AAPL) rose 1.6% and gave the S&P 500 and Nasdaq their biggest boosts.
Shares of Peloton Interactive Inc. (NASDAQ: PTON) shares fell 8.7% after the connected-exercise company posted a 23.6% drop in quarterly revenue and delivered a downbeat outlook.
Pfizer Inc (NYSE: PFE) rose 1.7% after it said it would buy Biohaven Pharmaceutical Holding Co (NYSE: BHVN) for $11.6 billion. Biohaven shares jumped 68.4%.
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