The three major indexes notched three-day losing streaks Tuesday.
 | TUE, OCT 12, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 141.51 | -1.30 | -0.91% | | VZ | 51.33 | -0.85 | -1.63% | | INTC | 52.17 | -1.27 | -2.38% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | F | 15.64 | +0.55 | +3.64% | | T | 25.43 | -0.60 | -2.31% | | AAPL | 141.51 | -1.30 | -0.91% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 141.51 | -1.30 | -0.91% | | MU | 66.72 | -2.50 | -3.61% | | AMD | 105.04 | +0.36 | +0.34% | |
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The major U.S. stock averages each notched a three-day losing streak in Tuesday's choppy trading session ahead of a key inflation reading and third-quarter earnings reports. Trading was volatile with the Dow gaining more than 115 points at its high and losing about 177 points at its low. Stocks hovered near the flatline for the bulk of Tuesday's session before selling intensified into the close. Markets were "mostly in wait-and-see mode" ahead of key data releases later this week, Bank of America analysts said in a note.  The consumer price index — which tracks the costs of a variety of consumer goods — is expected to rise 0.3% in September from August and 5.3% from the year prior, according to economists surveyed by Dow Jones. The CPI report is slated to be released Wednesday at 8:30 a.m. ET. Quarterly financial results are also expected Wednesday from key companies including JPMorgan Chase and Delta Air Lines. Investors will be looking for insights into how companies are dealing with supply issues and inflation. "The inflation/shortage themes have become all-consuming, so to speak. With good reason, of course. Earnings season and stocks' reaction to what we know will be a litany of 'we're trying to sort it out, costs are going up' management calls will tell us whether the grip of these issues is loosening at all," CNBC's Mike Santoli noted. |
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