The USA500 is trading at around 4,290 on Tuesday morning.
The S&P 500 ended nearly flat on Monday with utilities falling sharply, while the Nasdaq edged higher as investors weighed the likelihood the Federal Reserve will need to hold interest rates higher for longer.
Fed Governor Michelle Bowman said she remains willing to support another increase in the central bank's policy interest rate at a future meeting if upcoming data shows progress on inflation is stalling or proceeding too slowly.