The stock market was in a holding pattern on Tuesday as traders await key inflation data later this week. The Nasdaq Composite was up 0.2%. The CBOE Volatility Index, or Vix, was down 2.2% to 13.44.
U.S. stock ended lower on Monday as investors shifted focus from last week's AI-fueled rally to the key inflation data scheduled for release later this week.
German perfume retailer Douglas plans to announce it is proceeding with an initial public offering (IPO) in the coming days, two people familiar with the matter said, in a test for Europe's equity markets. The group, majority-owned by CVC Capital Partners, is preparing to issue an intention to float on the Frankfurt bourse as soon as this week if markets hold up, the people said, speaking on condition of anonymity. However, there is a chance the announcement may slip to next Monday, as no final decision has been made, one of them added.