U.S. stocks are falling as investors await CPI report for April By

-- U.S. stocks were falling ahead of the consumer price index report for April,fbs foreign exchange due out on Wednesday.

At 11:15 ET (15:15 GMT), the was down 58 points or 0.2%, while the was flat and the was down 0.1%.

Investors will take in the report as they assess the Federal Reserve’s progress in bringing down inflation. Analysts expect prices to rise 5% from the same month last year, the same pace as March and still well above the Fed’s 2% target.

Many futures traders expect the will pause its rate hikes at the June meeting after raising by another quarter of a percentage point last week.

Shares of regional lenders such as (NASDAQ:) and Western Alliance Bancorporation (NYSE:) were rising on Friday as fears about the banking system started to fade. PacWest was up nearly 5%, while Western Alliance rose 0.7%.

This week also brings reports on , new , and consumer sentiment.

President Joe Biden and congressional leaders are scheduled to meet at the White House on Tuesday to hash out differences on the debt ceiling, which Congress needs to raise or suspend in the next few weeks or risk the U.S. defaulting on obligations.

Earnings this week include reports from Walt (NYSE:) and PayPal (NASDAQ:).

Shares of Corporation (NASDAQ:) rose 3% after it lower than expected first quarter revenue. Tupperware Brands Corporation (NYSE:) shares fell 20% after the maker of storage containers said it tapped investment bank Moelis (NYSE:) to explore strategic alternatives.

Oil rose. was up 2.3% to $73 a barrel, while crude rose 2% to $76.80 a barrel. was up 0.3% to $2,033.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!