US stocks fell on Tuesday as investors looked to big retailer earnings to provide insight into consumer resilience amid doubts about the odds of a "soft landing." The tech-heavy Nasdaq Composite led the declines, dropping more than 1.5% by mid-afternoon trading. The S&P 500 fell about 0.9%, while the Dow Jones Industrial Average dropped 0.3% after the three gauges closed a turbulent week lower.
Recent data has challenged the idea the economy is headed for a future where inflation falls to the Federal Reserve's 2% target without a severe downturn, prompting a pullback in bets on a spring interest rate cut. Read more: What the Fed rate decision means for bank accounts, CDs, loans, and credit cards Looming large are Wednesday's earnings from Nvidia , seen as a potential turning point for markets.
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