Investors' actions awaiting US inflation data caused the stock market on Wednesday to be mostly unchanged with limited movement.
In contrast to Tuesday, Wall Street was seen recording mixed results with the S&P 500 and Dow rising 0.03% and 0.28% respectively while the Nasdaq fell 0.36%.
The main concern for investors is President Trump's decision to impose a 25% tax on steel and aluminum imports which could cause other countries to respond with their own trade restrictions, leading to the possibility of a trade war.
Businesses are worried about higher costs and lower profits.
Meanwhile, Federal Reserve (Fed) Chairman Jerome Powell said that the central bank is in no hurry to cut interest rates anytime soon even though inflation is still above 2%.
The January inflation report and Powell's speech, as well as earnings reports from major companies such as Cisco, CVS Health, Kraft Heinz, MGM Resorts and Robinhood, are currently the focus of investors.
