Investing.com-- The S&P 500 closed flat after swing between gains and losses Monday amid cautious trading ahead of the latest inflation reading as well as the start of the first-quarter earnings season later this week.inflation, which strips out volatile food and fuel costs, for March due Wednesday, are expected to show a cooling to a 3.7% pace in the 12 months through March from from 3.8% the prior month.
"The March FOMC meeting minutes could reveal more details of the discussion surrounding the balance sheet.We also expect to see some discussion of the supply side improvement," UBS said in a note.Major Wall Street banks will kickoff the earnings season in earnest later this week, with many eager for evidence on whether the upcoming earnings can justify recent run-up in stocks.
Teams from Israel and Hamas met in Egypt for renewed ceasefire talks, just days before the Eid holidays this week, while Israel pulled out some troops from southern Gaza.
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