NEW YORK/LONDON, May 28 - A global equities index fell slightly on Tuesday while Treasury yields rose as investors awaited inflation data due later in the week for potential clues about the outlook for U.S. interest rates.
Investors are waiting for U.S. inflation data with the U.S. core Personal Consumption Expenditures Price Index report for April, due on Friday. The Fed's preferred inflation barometer is expected to hold steady on a monthly basis. On Tuesday at 11:06 a.m. ET , the Dow Jones Industrial Average , opens new tab fell 160.86 points, or 0.41%, to 38,908.73, the S&P 500 , opens new tab lost 0.90 points, or 0.02%, to 5,303.82 and the Nasdaq Composite , opens new tab gained 66.46 points, or 0.39%, to 16,987.26.MSCI's gauge of stocks across the globe , opens new tab fell 1.17 points, or 0.15%, to 792.18 while Europe's STOXX 600 , opens new tab index fell 0.72%.
The bond market is also facing massive supply on Tuesday with the auction of $69 billion in new U.S. two-year notes and $70 billion in five-year Treasuries.
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