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Stocks close lower as investors eye inflation data, White House meeting on debt ceiling: Live updates

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Stocks were under pressure Tuesday, with regional bank shares retreating, as investors readied for key inflation reports due later in the week and progress on the U.S. debt limit. The Dow fell 0.17%. The S&P 500 shed 0.46%. The Nasdaq lost 0.63%.

are both set to report their first quarter earnings later this month and Wall Street is expecting weakness in their results.

Goldman analyst Kate McShane highlighted recent vendor sales results, noting that "unfavorable weather delayed the start of the spring selling season, although trends appear to have improved in April." Additionally, "higher interest rates, inflation, and weaker consumer confidence remain a demand headwind.

A rising advance-decline line points to more stocks rising than declining, which is generally seen as a bullish sign for the market.Raymond James reiterates strong buy rating on Palantir, calls AI platforms 'years ahead'after solid quarterly results boosted shares more than 23% on Tuesday.revenues grow 18% year over year, with the company topping Wall Street's expectations on both the top and bottom lines.

"While it's early, PLTR is describing 'unprecedented' demand for AIP, is in a land grab situation, and believe it's years ahead of the competition," he wrote. "A user conference in early June should give an on the ground read of managements enthusiasm."Goldman Sachs remains bullish on ConocoPhillips, following the energy company's first-quarter earnings report that topped the firm's expectations.

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