NEW YORK: Wall Street stocks were mostly lower early Tuesday as markets struggled to extend the latest rally while shares of artificial intelligence star Nvidia tumbled.
US data releases pointed to slower than expected growth of retail sales in September, while producer prices increased in line with expectations.
Meanwhile, Nvidia sank more than five percent following a report in The Information that Facebook parent Meta could use Google chips in its data censors.
About 15 minutes into trading, the Dow Jones Industrial Average was up 0.3 percent at 46,603.84.
Wall Street surges on tech rally
The broad-based S&P 500 shed 0.2 percent to 6,690.90, while the tech-rich Nasdaq Composite Index dropped 0.7 percent to 22,711.47.
Steve Sosnick of Interactive Brokers described the economic data – which was delayed by the US government shutdown – as mixed.
“I think today was more about the market digesting yesterday’s big move,” Sosnick said of Monday’s equity market rally.
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