US stocks were mixed in afternoon trading on Tuesday, with techs serving as a bright spot while Wall Street kicked off a holiday-shortened week by focusing on a coming inflation report watched closely by the Federal Reserve. The benchmark S&P 500 hugged the flatline, while the tech-heavy Nasdaq Composite added roughly 0.6% after solid closing gains on Friday. The Dow Jones Industrial Average , which lists fewer tech names, slipped about 0.6%.
Investors are now firmly back on inflation watch, counting down to the release of the Federal Reserve's preferred PCE gauge on Friday. Fed officials have sent out a drumbeat of warnings that data must show real cooling in inflation to trigger a policy shift, with Neel Kashkari the latest to join them.
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