The S&P 500 and the Nasdaq each rose 0.2% on Tuesday, while the Dow Jones traded little changed, following a strong rally in the previous session that lifted the Dow to record highs. Health care and materials led the gains, while consumer discretionary stocks underperformed. Energy shares slipped after strong advances on Monday. Meanwhile, the AI-driven rally that characterised the first trading days of 2026 showed signs of losing momentum while investors await key economic data later this week. Attention now turns to the JOLTS report and the monthly jobs report, which are expected to provide further insight into the health of the US economy. Among megacaps, Amazon shares jumped around 1% after the company's CEO said the Rubin data center processors are in production. Amazon was also higher (0.6%) while Alphabet traded little changed and Apple (-1.4%), Microsoft (-0.2%), Meta (-0.6%), Broadcom (-1.4%), and Tesla (-3%) were in the red.