12:28 PM EDT, 03/11/2024 (MT Newswires) -- US benchmark stock indexes fell, paring earlier losses, while government bond yields traded higher after midday on Monday.

The S&P 500 slid 0.3% to 5,109.1 with the Nasdaq Composite down 0.2% to 16,052.4 and the Dow Jones Industrial Average 0.1% lower at 38,688.5. All sectors fell, except materials and consumer staples.

With the Q4 earnings season closing, the focus will be on macroeconomics this week, a research note from D. A. Davidson said. S&P 500 earnings rose 4.2% in Q4 from a year earlier, exceeding the consensus for 0.8% growth as of Dec. 31. Almost all of the S&P constituents have reported.

January inflation data, released last month, showed consumer and producer prices higher than forecast, eroding market expectations the Federal Reserve will begin cutting interest rates as early as March. February's consumer price index is due Tuesday, and the producer price index on Thursday.

The latest inflation figures could provide cues on the Fed's monetary policy path, the D. A. Davidson note said.

The US 10-year Treasury yield rose 1.1 basis points to 4.1%, and the two-year climbed 3.7 basis points to 4.52%.

West Texas Intermediate crude oil rose 0.1% to $78.21 per barrel intraday.

In company news, Delta Air Lines ( DAL ) said Sunday it expects deliveries of Boeing's ( BA ) 737 Max 10 planes to be delayed to as late as 2027 due to federal safety and criminal reviews of the airplane manufacturer, Bloomberg News reported. Boeing ( BA ) shares declined 3.3%, the biggest decline on the Dow.