Dow34378.34-117.72(-0.34%)Nasdaq14465.92-20.28(-0.14%)SP 5004350.65-10.54(-0.24%)10-yr Note +1/321.602NYSEAdv 1937 Dec 1286 Vol 781.3 mlnNasdaqAdv 2487 Dec 1735 Vol 4.0 bln Industry Watch Strong: Consumer Discretionary, Utilities, Real EstateWeak: Communication Services, Information Technology, Health Care Moving the Market -- Wait-and-see mindset for tomorrow (Q3 earnings, CPI data, FOMC minutes)-- Treasury yield curve flattened -- Influential weakness in the communication services sector Slow session for the large-caps ahead of tomorrow's newsDow -117.72 at 34378.34, Nasdaq -20.28 at 14465.92, S&P -10.54 at 4350.65 [BRIEFING.COM] The large-cap indices closed slightly lower on Tuesday in a tame session, as investors adopted a wait-and-see mindset for tomorrow's key events. The S&P 500 (-0.2%), Nasdaq Composite (-0.1%), and Dow Jones Industrial Average (-0.3%) declined between 0.1-0.3%, while the Russell 2000 rose 0.6%. Those key events will include Q3 earnings results from JPMorgan Chase ($JPM 165.36, -1.28, -0.8%), the Consumer Price Index for September, and the FOMC Minutes from the September meeting. Six of the 11 S&P 500 sectors closed lower, with the laggards being the heavily-weighted communication services (-1.1%), information technology (-0.5%), and health care (-0.5%) sectors. Five sectors closed higher, led by the real estate (+1.3%), consumer discretionary (+0.7%), and utilities (+0.7%) sectors with decent gains. The financials sector (-0.3%) was pressured by some curve-flattening activity in the Treasury market in which the 2s10s spread narrowed by seven basis points. The 2-yr yield rose four basis points to 0.35%, while the 10-yr yield decreased three basis points to 1.58%. The U.S. Dollar Index increased 0.2% to 94.51. On a related note, today's $58 bln 3-yr note auction was met with weak demand, but the $38 bln 10-yr note reopening saw stronger demand. Elsewhere, the Dow Jones Transportation Average (+0.9%) saw relative strength following upside Q3 EPS guidance from Matson ($MATX 89.57, +6.90, +8.4%) and upwardly revised Q3 revenue guidance from American Airlines ($AAL 20.29, +0.16, +0.8%). Separately, the NY Fed's September Survey of Consumer Expectations showed that short- and medium-term inflation expectations rose to their highest levels since the inception of the survey in 2013. Fed Vice Chair Clarida (FOMC voter) and Atlanta Fed President Bostic (FOMC voter) also acknowledged the elevated inflation pressures in the economy. Inflation wasn't so much the story today, though, since longer-dated Treasury yields settled lower and WTI crude futures settled higher by only 0.1%, or $0.09, to $80.62/BBL. That might change tomorrow when investors see how much inflation pressures have seeped into consumer prices. Reviewing Tuesday's economic data: Job openings decreased to 10.439 million in August from a revised 11.098 million (from 10.934 million) in July.The NFIB Small Business Optimism Index for September decreased to 99.1 from 100.1 in August. Looking ahead, investors will receive the Consumer Price Index for September, the FOMC Minutes from the September meeting, and the weekly MBA Mortgage Applications Index on Wednesday. S&P 500 +15.8% YTDRussell 2000 +13.1% YTDDow Jones Industrial Average +12.3% YTDNasdaq Composite +12.2% YTDSource: (Briefing.com) Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .