U.S. stocks ended lower Tuesday as investors awaited a key inflation reading and fretted over the debt ceiling, while regional bank stocks saw renewed pressure. The April consumer-price index reading is due Wednesday morning, while a meeting between President Joe Bidenand congressional leaders late Tuesday afternoon wasn’t expected to produce a breakthrough on the debt ceiling. The SPDR S&P Regional Banking ETF KRE fell 0.4%. The Dow Jones Industrial Average DJIA fell around 57 points, or 0.2%, to end near 33,562, according to preliminary figures, while the S&P 500 SPX declined 0.5% and the Nasdaq Composite COMP lost 0.6%.
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