The S&P 500 traded sideways as investors paused for breath ahead of key economic data releases. Market participants are keenly awaiting these indicators to provide insights into the health of the economy and potential future market movements.

Analysts suggest that the market’s direction will largely depend on the strength of the upcoming data, which includes reports on employment, inflation, and consumer spending. These figures are expected to provide clues about the Federal Reserve’s monetary policy.

Several sectors experienced mixed performance. Technology stocks showed slight gains, while energy stocks lagged due to concerns about global demand. Consumer discretionary stocks remained relatively stable.

Investors are also monitoring geopolitical developments, which could potentially impact market sentiment. Concerns about tensions in Eastern Europe continue to weigh on investor confidence.

Looking ahead, market participants anticipate increased volatility as the economic data is released and analyzed. Traders are advised to remain cautious and adjust their positions accordingly.