Stock market today: Nasdaq slips after record as investors await Nvidia earnings

US stocks opened mixed on Tuesday, as investors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy. The benchmark S&P 500 slipped about 0.1% while the Dow Jones Industrial Average hovered near the flat line. Meanwhile, the tech-heavy Nasdaq Composite slipped about 0.4% after finishing Monday at a record high. Investors are looking to corporates for a cue in the absence of top-level economic data releases.

In the meantime, investors get a wave of quarterly reports from retailers to scrutinize for a steer on consumer spending and the health of the economy. Lowe's sales dropped less than expected as cash-strapped Americans continued to spend on small repairs, while Macy's shares gained after the department store chain's earnings beat a low bar. AutoZone and Urban Outfitters are also on the docket.

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