The Dow Jones Industrial Average closed down just below 0.3% while the S&P 500 closed the day around 0.2% higher, and the Nasdaq Composite led the major indexes, closing up around 0.4%

US stocks closed mixed on Tuesday after a retreat from all-time peaks, with retail earnings on tap to occupy investors counting down to a key inflation data.

The Dow Jones Industrial Average closed down just below 0.3% while the S&P 500 picked up some late trading momentum to close the day around 0.2% higher. The Nasdaq Composite led the major indexes, closing up around 0.4%.

Stocks have lost steam as investors regroup after the tumultuous run-up last week and as focus sharpens on the health of the US economy. Looming over investors is the PCE index report due Thursday, a vital inflation input into the Fed’s rate-setting decisions.

Given the market’s preoccupation with the timing of a rate cut, the PCE data is seen as a potential catalyst for stocks to move in either direction. Meanwhile, consumers seem less confident about the US economy.

The Conference Board’s Consumer Confidence Index for February came in at a reading of 106.7, down from a revised 110.9 in January. January’s preliminary reading was 114, a two-year high for the measure. Economists surveyed by Bloomberg had expected a reading of 115 for February.

Investors digested other economic updates on Tuesday, including another increase in home prices and the biggest decline in US durable goods orders in four years.

By contrast, the price of bitcoin surged to two-year highs, breaking above $57,000 per token, with gains buoyed by a big investment from MicroStrategy. Shares of bitcoin miners and crypto exchanges like Coinbase gained alongside the top digital currency.

Early morning earnings reports from major retailers provided a window into how the consumer is faring. Macy’s shares slid as it revealed plans to shutter 150 stores in a turnaround bid and reported another quarter of sales. Lowe’s downbeat 2024 sales and profit outlook weighed on the home improvement chain’s stock.