U.S. equity markets were unchanged Tuesday night while investors awaited data from Wednesday, which will provide the next major indicator as to how fast rising price pressures are expanding.

Dow Jones Industrial Average futures dropped 41 points (or 0.1%). S&P 500 and Nasdaq 100 futures dipped 0.1%.

Regular trading saw the Dow lose 0.3% and close at 36.319.98. The S&P 500 fell 0.4%, snapping an eight-day win streak, and the Nasdaq Composite fell 0.6%.

Tesla shares ended nearly 12% lowerIn Tuesday trading, the losses of Monday were extended.

“The weakness in Tesla (which is largely technical, not fundamental) is also weighing on the consumer discretionary sector within the S&P 500 today, and the October PPI may also be doing so as business input prices continue to rise,” Goldman Sachs’ Jeff Currie said in a note Tuesday. Currie said that the possibility of Covid becoming a pandemic and endemic as well as the potential for supply chains congestion to moderate will all continue to fuel growth.

Monday morning’s Labor Department report showed a 0.6% increase. October producer price indexThis is consistent with the Dow Jones consensus estimate. The wholesale price of goods rose 8.6% in October compared to a year earlier, but this was still the highest annual growth rate for almost 11 years.

CNBC heard that “investor concerns came back to the forefront today,” Brent Schutte (chief investment strategist, Northwestern Mutual Wealth Management Company), said. CNBC’s Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company said that the inflation narrative needs to be resolved. We think investors will see inflation abate in the coming months as the Fed remains accommodative, people come back into the workforce and consumers shift from buying goods to services… and we expect that will pull the market higher as we move toward the end of the year.”

Investors have been waiting for Wednesday’s latest reading of the consumer price index. The Labor Department will release the report before the bell. Analysts are expecting a 0.6% gain, or almost 6% annual growth, which would make this the largest increase since 1983. Core CPI is the preferred measure of inflation by Federal Reserve. It excludes food and fuel and should rise 0.4% to 4.3% over the year.

Also, Wednesday is the due date for weekly jobless claims and mortgage application to buy a home.

Earnings season continues to be strong, with most of the S&P 500 companies who have already reported beating estimates, according to FactSet. Affirm, Bumble, Disney and The Honest Company will all be reporting Wednesday following the bell.