04:56 PM EDT, 08/11/2025 (MT Newswires) -- US equity indexes fell on Monday ahead of July's inflation data and President Donald Trump's upcoming meeting to broker a truce between Russia and Ukraine.

The Nasdaq Composite fell 0.3% to 21,385.40, with the S&P 500 down 0.3% to 6,373.45 and the Dow Jones Industrial Average 0.5% lower at 43,975.0, giving up all gains from earlier in the session. Consumer staples led the gainers while energy, real estate, and technology paced the decliners at the close.

The US Bureau of Labor Statistics is expected to report on Tuesday that the consumer price index rose 2.8% year-over-year in July from 2.7% in the previous month. The headline rate is, however, forecast to slip 0.2% month-over-month from 0.3% in June. The Core CPI prints will likely gain sequentially and year-over-year.

"The combination of a [recent] softer payroll number with concerns of tariff-related inflation could be the recipe for a correction, especially in the seasonally weak third quarter," The Star reported Monday, citing a Morgan Stanley note.

The odds of a 25 basis point cut in interest rates in September stood at 87% late Monday, versus 57% a month ago, according to the CME FedWatch Tool.

The ICE US Dollar index rose 0.3% to 98.48.

The dollar strengthened ahead of scheduled Friday talks between President Vladimir Putin and Trump, who reportedly told reporters at a press conference on Monday that "Russia has occupied a big portion of Ukraine" and the US is "going to try to get some of that territory back for Ukraine."

During the conversation with the media, President Trump implied Ukrainian President Volodymyr Zelensky would be involved in talks with the Russian president. "I'm going to put the two of them in a room - I'll be there or I won't be there - and I think it will get solved," Trump reportedly said.

US Treasury yields were little changed, with the 10-year and two-year yields steady at 4.28% and 3.77%, respectively.

Meanwhile, ahead of the Aug. 12 deadline between Washington and Beijing to affirm the Stockholm trade agreement, Trump on Monday reportedly postponed the reimposition of the punitive import levy on China for an additional 90 days.

West Texas Intermediate crude oil futures added 0.2% to $64.02 a barrel.

In company news, Paramount Skydance ( PSKY ) will become the exclusive distributor of UFC's fighting events in the US under a $7.7 billion media rights deal with TKO Group (TKO). TKO jumped more than 10% at the close, the top performer on the S&P 500.

DA Davidson raised Electronic Arts' ( EA ) price target to $160 from $150. EA shares were up 5.1%, the biggest gainer on the Nasdaq.

Albemarle (ALB) announced late Monday "changes to its organizational structure to further align the company for agility and efficiency." The company's shares were the second-best performer on the S&P on Monday, up almost 7%.