Dow Rises, Nasdaq Falls as Chipmaker Stocks Struggle

The Dow Jones Industrial Average rose for its third consecutive session, but the Nasdaq 100 declined as chipmaker stocks continued to struggle. The S&P 500 gained a modest 0.2% on Tuesday, while the Dow added 1%. However, the Nasdaq 100 slipped 1%, marking its fifth straight loss since January.

The decline in oil prices helped support the broader market, with Brent crude falling around 5% to $84.09 per barrel. Coca-Cola raised its full-year outlook due to strong FIFA sales.

Investors are awaiting updates on capital expenditures from tech giants like Microsoft, Amazon, and Meta, which could provide insight into AI spending trends. Meanwhile, the VanEck Semiconductor ETF (SMH) fell 3.3% for the fourth straight session, dragged down by weakness in AMD, Broadcom, and Micron Tech.