The Globe and Mail reports in its Wednesday edition that the S&P 500, Dow and Toronto Stock Exchange lost ground Tuesday, pressured by a modest rise in Treasury yields as investors assessed the timing and size of any U.S. Federal Reserve interest-rate cuts in 2024 ahead of U.S. inflation data this week. A Reuters dispatch to The Globe says that expectations the U.S. central bank could begin cutting rates as soon as March have been slowly decreasing, with FedWatch showing a 65.7-per-cent chance for a cut of at least 25 basis points for the month, down from 79 per cent a week ago. That has helped keep U.S. Treasury yields hovering near the 4-per-cent mark, with the benchmark 10-year yield up slightly at 4.019 per cent after reaching a high of 4.053 per cent earlier in the session. Investors are bracing this week for more Treasury supply and the consumer price index and producer price index. Earnings season unofficially begins on Friday, with reports from banks such as JPMorgan. The S&P/TSX Composite Index ended down 103.93 points at 20,970.98, after posting on Monday its highest closing level since May, 2022. Financials lost 1.2 per cent and the materials group was down 1.5 per cent as copper prices fell.