US stocks slipped on Tuesday as investors weighed early reports on a marquee earnings day, with Big Tech results in focus. The benchmark S&P 500 and Dow Jones Industrial Average dropped about 0.2% and 0.1%, respectively, with the tech-heavy Nasdaq Composite finishing the session just below the flatline. Markets have been digesting a rotation away from the megacaps that have fueled this year's rally.
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. Earlier in the trading session, investors assessed earnings from General Motors and Coca-Cola with shares closing down about 6% for GM while Coca-Cola finished the day flat.
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