India, March 11 -- The US stock market saw steady moves on Tuesday. The S&P 500 eased 0.2%, a day after its latest wild swings caused by extreme moves in the oil market. The Dow Jones Industrial Average shed 0.1%, and the Nasdaq composite moved up very marginally. Investors are awaiting February's consumer price index due Wednesday, seeking clues on the strength of the US market and economy, particularly after signs of a weakening labor market have grown in recent months.

Oil prices have taken dramatic swings week to date, surging to nearly $120 a barrel on Monday amid rising fears around the war in Iran. Prices slid on Tuesday, first on hopes that a group of nations would turn to emergency crude reserves. Energy prices dropped once more...