US stocks wobbled on Tuesday as investors weighed early reports on a marquee earnings day, with Big Tech results later in focus as potential fuel to sustain this year's rally. The S&P 500 fell just below the flat line while the tech-heavy Nasdaq Composite slipped more than 0.2%. The Dow Jones Industrial Average was down about 0.1%. Investors are assessing earnings from General Motors and Coca-Cola out the gate early in Tuesday's stream of high-profile quarterly reports.
The wait is on for Alphabet and Tesla results due after the bell, with the market watching for signs of continuing growth from the first pair of the "Magnificent Seven" behemoths. Read more: 32 charts that tell the story of markets and the economy right now A resurgence in tech stocks helped the S&P 500 and Nasdaq roar higher on monday, a rebound from the sharp falls last week that came amid a rotation away from the megacaps that have fueled this year's rally.
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