The S&P 500 was marginally down on Wall Street on Tuesday due to a drop in technology sectors, despite the Dow Jones Industrial Average setting a new all-time high.

After a day of tumultuous trading, the S&P 500 dipped 0.1%, while the tech-heavy Nasdaq composite fell 1.3%. The Dow gained 0.6%, owing in part to strong increases by Caterpillar and JPMorgan Chase, which gained 5.4% and 3.8%, respectively.

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Banks were among the top gainers as bond yields went up, driving the 10-year Treasury yield up to 1.65% from 1.63% late Monday. On Friday, the yield was at 1.51%. Bond prices decrease when investors sell them, but yields climb.

More than 65% of the S&P 500’s equities gained. However, the S&P 500 was down due to a drop in technology companies, which are the most heavily weighted sector in the benchmark index.

Microsoft was down 1.7%, Apple was down 1.3%, and chipmaker Nvidia was down 2.8%.

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The S&P 500 dropped 3.02 points to 4,793.54. The Nasdaq index fell 210.08 points to 15,622.72. The Dow Jones Industrial Average rose 214.59 points to 36,799.65.

Smaller company shares lost some ground. The Russell 2000 index dropped 3.68 points, or 0.2%, to 2,268.87.

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Stocks got off to a fantastic start in 2022 on Monday, with the S&P 500 and Dow establishing record highs. A combination of economic statistics and company quarterly earnings releases should provide investors with some insight into the impact of the coronavirus outbreak and consistently rising inflation on companies and consumers.

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The job market will be a big focus for investors, beginning with the release of the Labor Department’s December jobs data on Friday. The agency’s monthly Jobs Openings and Labor Turnover Survey, released on Tuesday, revealed that a record 4.5 million American employees departed their jobs in November, a sign of optimism and fresh evidence that the U.S. labour market is rapidly recovering from last year’s coronavirus recession.