On Tuesday, the three major stock indexes closed mixed. Moderate inflation data boosted market expectations that the Federal Reserve would keep interest rates unchanged, while JPMorgan Chase's earnings kicked off the fourth-quarter earnings season.

The Dow Jones Industrial Average, dominated by blue-chip stocks, turned negative, falling about 0.6%, while the S&P 500 fell about 0.1%. On the other hand, the Nasdaq Composite Index, dominated by technology stocks, rose 0.3% before narrowing its gains.