It’s a rather quiet session on Tuesday, with major U.S. averages trading around the flatline at midday trading in New York.

Tuesday saw Federal Reserve officials making public statements with mixed messages.

Atlanta Fed President Raphael Bostic said he expects inflation to decline but at a slow pace, and he does not foresee a rate cut before the fourth quarter.

Board member Christopher J. Waller, on a more dovish note, said the risk of inflation reaccelerating is off the table and he does not expect a rate hike.

Sectors and industries were little moved, with financials and solar stocks slightly outperforming.

Small caps softened, with the iShares Russell 2000 ETF (NYSE:IWM) falling 0.3%. Treasury yields inched lower, with the benchmark 10-year yield dropping 4 basis points to 4.41%, on track to snap a three-straight session of yield gains.

Metal commodities paused for a breather, after both gold and copper hit fresh record highs on Monday. Crude oil fell 1.6%.

In the cryptocurrency market, Bitcoin (CRYPTO: BTC) fell 2.2% to $69,900, reflecting some waning investor sentiment toward risky assets.

Tuesday’s Performance In Major US Indices, ETFs

Sector-wise, the Financial Select Sector SPDR Fund (NYSE:XLF) outperformed, up by 0.3%. The Industrial Select Select Sector SPDR Fund (NYSE:XLI) was the laggard, down 0.5%.

Tuesday’s Stock Movers

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