US stocks closed mixed on Tuesday, as investors assessed the inflation data.
The annual inflation rate in the US eased to 6.4% in January from 6.5% in December.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
The Nasdaq closed higher by over 170 points on Monday, also recording losses for the week. Investors, meanwhile, focused on some notable insider trades.
The S&P 500 closed sharply higher on Monday, as investors awaited inflation data.
The US is scheduled to inflation report today, with analysts expecting annual inflation rate declining to 6.2% in January from 6.5% in the previous month