Wall Street's major indexes closed lower on Tuesday as heavyweight technology stocks fell after posting significant gains last week.
The situation affected the S&P 500 index, which had previously reached an all-time high.
The information technology sector was the main factor in the S&P 500's decline with most technology and artificial intelligence (AI)-related stocks showing negative performance.
Nvidia shares fell 1.2%, while Palantir Technologies fell 2.4%.
The Dow Jones Industrial Average fell 0.51% to 249.04 points, the S&P 500 fell 0.35% to 24.20 points, while the Nasdaq Composite fell 0.50% to 118.75 points.
However, all three major indexes are expected to be in the best position to record stronger monthly gains with the Dow Jones and S&P 500 now recording positive performance for the eighth consecutive month.
Meanwhile, electric vehicle (EV) maker Tesla shares fell 3.3% after hitting a high last week, putting pressure on the sector.
Investors will now turn to the minutes of the FOMC meeting at 3am Malaysia time for broader clues on the Federal Reserve's (Fed) 25 basis point interest rate cut, as well as the direction of monetary policy for 2026.
The volume of trading on US exchanges was $13.08 billion, compared to an average of $16.2 billion over the full 20 trading days.
