Tech weakness dragged indexes lower, while energy and select healthcare names provided support.

Market Recap

U.S. equities slipped Tuesday, giving back part of Monday’s rally. Tech stocks led the decline after recent outperformance, while energy and healthcare showed relative resilience. Macro data added to the cautious tone, with September flash PMI showing slower business activity and rising input costs.

Dow Jones Industrial Average: 46,292.78 (−0.2%)
S&P 500: 6,656.92 (−0.6%)
Nasdaq Composite: 22,573.47 (−0.9%)

The pullback highlighted profit-taking in growth names after record highs, even as sector rotation supported parts of the market.

Stocks on the Move

Nvidia (NVDA): −2.8%
Shares dropped as investors reassessed valuations following yesterday’s OpenAI investment headlines. Semiconductors broadly traded weaker, weighing on the Nasdaq.
Amazon (AMZN): −3%
Declined as consumer discretionary lagged, with traders citing pressure on margins and regulatory headwinds in digital services.
Halliburton (HAL): +8%
Outperformed the energy sector on strong demand expectations and continued momentum in services.
Kenvue (KVUE): +1.6%
Rebounded after clarifications eased regulatory fears tied to Tylenol safety concerns. The move offered relief to consumer-health peers.
Vistra (VST): +6.3%
Advanced sharply after announcing expanded capacity investments in energy infrastructure, underscoring investor appetite for defensive-growth utilities.

Sector & Market Tone

Technology pulled back, with semiconductors and large-cap growth under pressure.
Energy outperformed, supported by services and producers.
Healthcare saw selective gains, highlighted by consumer-health rebounds.
Financials remained mixed, with margin concerns still pressuring bank stocks.
Macro backdrop: September PMI data confirmed slowing activity, adding to caution despite sector rotation.

Key Takeaways

Major indexes slipped as profit-taking hit tech and semiconductors.
Energy stocks, led by Halliburton, provided a strong counterbalance.
Healthcare showed resilience, with Kenvue’s rebound stabilizing sentiment.
Macro data reinforced caution, pointing to moderating business activity.
Sector rotation cushioned the decline, suggesting investors remain selective rather than broadly risk-off.

What to Watch Tomorrow

8:30 AM (ET): U.S. Durable Goods Orders

Why It Matters - Key read on manufacturing investment.

10:00 AM (ET): Consumer Confidence (Conference Board)

Why It Matters - Could reveal sentiment shifts after recent volatility.

Afternoon (ET): Fed Speaker Appearances

Why It Matters - Any policy tone changes will likely influence market sentiment.

Closing Bell: Corporate Headwinds Knock Tech, Energy Firms Gain Ground