The benchmark S&P 500 and the Dow slipped on Tuesday as an uptick in Treasury yields pressured some megacaps, and traders scaled back expectations for an early start to interest-rate cuts ahead of key inflation reports due later this week. Some megacap stocks like Apple and Tesla lost 0.5% and 2.2% respectively, while chip stocks like Intel and Micron Technology lost 0.2% each, keeping gains on the tech-heavy Nasdaq in check.
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