S&P 500 closes lower, notches 5-day losing streak ahead of key inflation report. U.S. stocks fell Tuesday, reversing gains from earlier in the day as investors looked ahead to key inflation data out later in the week that will give the Federal Reserve updated information on the state of the U.S. economy.

The S&P 500 slipped 0.65% to close at 3,588.84 after rebounding from a multiyear low earlier in the session. The Nasdaq Composite fell 1.10% to 10,426.19, its lowest close since July 2020. Tuesday’s losses notched the fifth day in a row of declines for both indexes. The Dow Jones Industrial Average rose 0.12%, to close at 29,239.19, bolstered by jumps in Amgen and Walgreens Boots Alliance.

Bond prices also fell, and the yield on the U.S. 10-year Treasury neared the key 4% level overnight. Yields stayed high on Tuesday with the 10-year yield at 3.943% at market close. Bond yields move inversely to prices.

Stocks fell off highs of the day and bond yields ticked up when the Bank of England said in the afternoon its market intervention will be over soon, and that pension funds have just three days to rebalance positions.

Investors are awaiting a few key inflation reports out later in the week that will inform how aggressively the Federal Reserve will hike interest rates going forward to tame inflation. On Wednesday, the producer price report will be released. That’s followed by the September consumer price index Thursday. On Friday, September retail sales will give further insight into consumption.