Wall Street slips as tax uncertainty outweighs easing inflation worries

August CPI grows at slowest pace in six months; energy, financials retreat from early gains

Wall Street indexes fell on Tuesday on uncertainty over a possible increase in corporate taxes, even though slowing growth in monthly consumer prices eased some fears of the Federal Reserve reducing stimulus early.

Sectors including energy (.SPNY) and financials (.SPSY) pulled back from their strong gain in the previous session and were the worst performers in early trading.

Major technology stocks continued to lag their broader peers and U.S.-listed Chinese firms dropped further as investors remained wary of regulatory shocks from Beijing.

Focus is now on the potential passage of U.S. President Joe Biden's $3.5 trillion budget package, which is expected to include