US stocks showed mixed performance on Tuesday, with the S&P 500 hovering near the flatline, the Dow Jones slipping 110 points, and the Nasdaq gaining 0.4%. This came after losses in the previous session, as traders remained cautious and awaited key catalysts, including tomorrow's CPI report, to gauge the Fed's action at next week's policy meeting.
Communication services was the top performing sector while utilities fell the most. On the corporate front, shares of Alphabet gained about 5% after the company announced that it has addressed a significant challenge in quantum computing with the development of a new generation of chips.
Nvidia was little changed (0.4%), following an over 2.5% loss in the previous session, after China's State Administration for Market Regulation launched an anti-monopoly investigation into the company. In contrast, Oracle lost more than 9% after the company's results disappointed.
Source : Trading Economics
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