Stocks ended Monday little changed as another uptick in interest rates kept investors from making big moves ahead of key U.S. inflation data.
March's CPI number is also being closely watched to gauge when the central bank will begin to lower interest rates.
The S&P 500 declined nearly 1% during the period, its biggest weekly loss since early January.
The market did finish the week on a positive note, however, after a stronger-than-expected jobs report Friday.
The surprising gain in payrolls gave investors hope that a strong economy could continue to support corporate earnings growth, even if it means higher interest rates for longer.
Persons:
Stocks, Elon Musk, Dow Jones, Matt Rowe, Dow
Organizations:
New York Stock Exchange, Dow Jones, Nasdaq, Treasury, Federal, Nomura Capital Management
Locations:
payrolls