Wall Street stocks were little changed early Thursday as investors digested better inflation data while shares of PepsiCo and Delta fell after earnings reports.
In June, overall consumer prices declined 0.1 percent on-month for the first time since 2020, US data showed.
The better-than-expected reading comes as markets increasingly wager that the Federal Reserve will soon cut interest rates, lifting equities to a series of recent records.
About 15 minutes into trading, the Dow Jones Industrial Average was down 0.1 percent at 39,687.52.
The broad-based S&P 500 rose less than 0.1 percent to 5,636,34, while the tech-rich Nasdaq Composite Index also climbed slightly to 18,654.59.
Among individual companies, Delta sank 7.8 percent after reporting a 29 percent drop in quarterly profits to $1.3 billion.
The carrier scored record revenues for the June quarter but said it would temper plans to add capacity in the second half of 2024 due to moderating demand.
PepsiCo lost 1.5 percent as it reported higher profits but saw “subdued” performance in some North America products where it encountered some product recalls.
