US equity indexes were lower ahead of Tuesday's close as investors weighed Q4 banking sector earnings as well as the December inflation print.
The Nasdaq Composite fell 0.4% to 23,632.1, the S&P 500 was down 0.5% to 6,943.3, and the Dow Jones Industrial Average was 1% lower at 49,097.8.
Financials led the decliners, followed by consumer discretionary and health care sectors. Energy was among gainers.
JPMorgan Chase (JPM) beat Q4 adjusted earnings expectations, while revenue missed estimates amid lower investment banking fees. Shares dropped 3.8%, among the Dow's worst performers.
Bank of New York Mellon (BK) shares rose 1% after the company reported a year-over-year increase in Q4 adjusted earnings and sales, outpacing consensus.
In economic news, the consumer price index rose 2.7% annually in December, unchanged from the 2.7% increase in November, the Bureau of Labor Statistics reported on Tuesday. The print was in line with the Bloomberg-polled consensus. Prices gained 0.3% month-over-month, as expected. The October and November data were not available due to the recent government shutdown, the BLS said.
The core CPI, which excludes food and energy prices, rose 2.6% year-over-year, behind the consensus for a 2.7% increase. The measure edged 0.2% higher from a month ago, below expectations for a 0.3% gain.
Most US Treasury yields fell, with the 10-year yield down 1.2 basis points to 4.18% and the two-year rate lower by 1.9 basis points to 3.53%.
