NEW YORK (AP) — More drops for Big Tech stocks kept U.S. stock indexes in check Tuesday.
The S&P 500 slipped 0.5% Tuesday although most stocks within it rose. The Dow Jones Industrial Average rose 203 points, and the Nasdaq composite fell 1.3%.
PayPal and JetBlue Airways rallied after delivering stronger results for the latest quarter than expected. But Microsoft slid as investors waited for its latest profit report, which arrived after the closing bell.
Many other Big Tech stocks also slid.
Treasury yields eased ahead of a decision on interest rates by the Federal Reserve due Wednesday.