
The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.38%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.55%. December E-mini S&P futures (ESZ25) fell -0.37%, and December E-mini Nasdaq futures (NQZ25) fell -0.54%.
Stock indexes gave up an early advance on Tuesday and turned lower as most chipmakers retreated following Monday's surge. The S&P 500 and Nasdaq 100 initially rallied to new all-time highs on Tuesday, driven by strength in chipmakers and AI infrastructure stocks. Advanced Micro Devices rose more than +3% Tuesday, adding to Monday's +23% surge due to the spending boom in artificial intelligence.