US Stocks Close Mixed on Tuesday

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Stocks in the US finished mixed on Tuesday, following a tech rally in the previous session, as investors await US consumer inflation due Thursday. The Dow Jones slid 157 points, the S&P 500 lost 0.1% while the Nasdaq added roughly 0.1%. Energy and materials sectors led the declines of the session while tech shares ended higher. Nvidia rose 1.7% after reaching a new record high during the session, and Amazon and Alphabet also saw gains of 1.5% each. On the other hand, Tesla lost 2.3% and JetBlue sank 10.2% after BofA Securities downgraded the stock to Underperform from Neutral. Traders continue to adjust their bets for rate cuts while awaiting crucial economic data due later in the week including the CPI and the kick-off of the earnings season. Meanwhile, the NFIB survey showed sentiment among small business owners improved in December but remained pessimistic while the trade deficit came below forecasts as both exports and imports fell 1.9% in November.

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