Nvidia Report Card: Dow Tumbles Ahead of Quarterly Earnings

The Dow Jones Industrial Average lost its three-day winning streak on Tuesday, plummeting by roughly 122 points or 0.23% in a single day.

This decline sets a cautious tone for Wall Street ahead of Nvidia's quarterly earnings report, which is expected to reveal Q2 revenue of around $92 billion - a staggering 97% increase year-over-year from the same period last year.

Nvidia shares dropped by about 1% during intraday trading on Tuesday, coming after the stock had snapped a seven-day losing streak and closed up 2.2% on Monday.

The semiconductor giant has become a bellwether not just for its industry but also for the entire AI trade, as its inclusion in the Dow Jones Industrial Average means its movements now directly influence the price-weighted index.