Market Volatility Declines Ahead Of CPI; S&P 500 Gains

The S&P 500 settled higher on Tuesday ahead of key inflation reports and earnings results from major companies this week.

U.S. consumer price data will be released on Wednesday, while producer prices report is scheduled for release on Thursday.

Big banks, including JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C) and Wells Fargo & Company (NYSE: WFC) will release earnings on Friday.

Amazon.com, Inc. (NASDAQ: AMZN) shares gained 1.3% on Tuesday amid the start of the company's Prime Day deal event.

All the major sectors on the S&P 500 closed on a positive note, with energy, utilities and industrials stocks recording the biggest gains on Tuesday.

The Nasdaq 100 rose 0.49% to close at 15,119.06 on Tuesday, amid gains in shares of Amazon.com, Inc. (NASDAQ: AMZN) and NVIDIA Corp (NASDAQ: NVDA).

The S&P 500 rose 0.67%, while the Dow Jones gained 0.93% to 34,261.42 in the previous session.

The Chicago Board Options Exchange's CBOE Volatility Index (VIX) fell 1.5% to close at 14.84 on Tuesday.

What is CBOE Volatility Index?

The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market's expectation of volatility based on S&P 500 index call and put options.

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