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The S&P 500 fell on Tuesday, pressured by declines in tech, following strong gains in the previous session.
The Dow Jones Industrials kept gaining, taking on 96.73 points to begin Tuesday at 47,465.36.
The broader index backed off 5.88 points to 6,826.55.
The NASDAQ removed 84.74 points to 23,442.43.
CoreWeave was among the laggards of the session. Shares slid 11% after the company’s guidance disappointed investors, hurting the artificial intelligence trade.
Shares of AI chip darling Nvidia also pulled back 2% after SoftBank sold its entire stake in the chipmaker for more than $5 billion.
Reinforcing the day’s downbeat sentiment, a new report from ADP revealed that for the four weeks ending Oct. 25, private sector job creation was down more than 11,000 on average per week.
The data stands in contrast to the October gains that the firm reported last week and signals some weakness in the labor market.
The Senate on Monday evening passed a bill to end the shutdown, sending it to the House. The negotiated deal does not include Democrats’ demand that any funding bill must include an extension of Affordable Care Act subsidies, and instead calls for a vote on the tax credits in December.
Tuesday, the Treasury market is closed for Veteran’s Day.
Oil prices climbed 77 cents to $60.90 U.S. a barrel.
Gold prices improved $11.80 to $4,133.80. U.S. an ounce.
