Major US indices closed lower on Tuesday, except for the Nasdaq, which rose 0.1% thanks to Nvidia’s strength. The S&P 500 hit a new intraday high but ended down 0.4%, small caps were hit hard with the Russell 2000 falling 2%, and the Dow lost 1%. Disappointing earnings from Citi, Wells Fargo, and Goldman Sachs dragged down the markets. Inflation data showed slightly cooler numbers but fears of tariff-related inflation persisted. The US dollar rose as Fed rate cut hopes stalled. In Asia, markets remained resilient on positive US-China trade rhetoric, with Hong Kong and Singapore hitting new highs. Gold held key support despite a strong dollar, rebounding on stagflation fears. Technical analysis suggests a potential minor corrective decline for the Nasdaq 100 index after recent outperformance.

Read more at Investing.com: Nasdaq 100 at Risk of Bearish Reversal While Gold Rebounds