US equity markets retreated on Tuesday, with selling pressure concentrated in the technology-heavy Nasdaq Composite and the broader S&P 500.
Investors continued to reduce exposure to artificial intelligence and semiconductor-related equities, a trend that has persisted through recent trading sessions.
The pullback in tech shares was compounded by rising oil prices, which contributed to a more cautious risk appetite across the broader market.
The semiconductor sector emerged as the primary drag on performance, with chip stocks facing renewed selling pressure.
This weakness in the technology complex weighed heavily on the Nasdaq, while the Dow Jones Industrial Average also struggled to maintain ground.
The combination of sector-specific rotation out of high-growth tech and macro-level concerns over energy costs created a headwind for bulls.