US benchmark equity indexes declined ahead of Tuesday's market close as investors anticipated the official consumer inflation report for November. The Nasdaq Composite fell by 0.3% to 19,676.7, while both the Dow Jones Industrial Average and the S&P 500 dropped 0.3% each, settling at 44,263.6 and 6,034.3 respectively.
Among various sectors, real estate and technology experienced the most significant downturns, in contrast to communication services, which led the gainers. Government data is expected to reveal that US consumer inflation rose by 0.3% sequentially and 2.7% annually last month, based on a consensus compiled by Bloomberg.
For reference, the US consumer price index increased by 0.2% month-on-month and 2.6% on an annual basis in October. In bond markets, the US 10-year yield climbed by 2.2 basis points to 4.22%, while the two-year rate saw a rise of 1.6 basis points, reaching 4.14%. In commodities, West Texas Intermediate crude oil remained relatively unchanged at $68.40 per barrel..