Markets had a quiet Tuesday as investors braced for key inflation reports coming out later today and Thursday.
, which tracks the S&P, traded 44 million shares, below its 30-day average of 76.1 million. Major stock indexes mostly fell, but only fractionally. The S&P 500 dipped 0.46%, the Dow Jones Industrial Average was mostly flat and the Nasdaq Composite lost 0.6%.
For regional banks that experienced a week of volatile price swings, however, it was a welcome respite. The SPDR S&P Regional Banking ETF lost 0.4%, but PacWest, the besieged Los Angeles-based lender, managed to eke out a 2.35% gain. Most of the big swings happened in extended trading as a slew of companies reported earnings after the bell.
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