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Ammon News - U.S. stocks ended lower on Tuesday, with the Nasdaq showing the largest declines as chipmaker Nvidia stumbled ahead of its highly awaited earnings report, while gains in Walmart kept losses on the Dow Industrials in check.

Shares of the chip designer Nvidia (NVDA.O), opens new tab tumbled 4.35%, it's biggest daily percentage fall since Oct. 17, while the broader Philadelphia semiconductor index (.SOX), opens new tab declined 1.56% as other chip stocks followed.

The S&P 500 (.SPX), opens new tab lost 30.06 points, or 0.60%, to end at 4,975.51 points, while the Nasdaq Composite (.IXIC), opens new tab lost 144.87 points, or 0.92%, to 15,630.78. The Dow Jones Industrial Average (.DJI), opens new tab fell 64.19 points, or 0.17%, to 38,56.80.

The S&P 500 consumer staples index (.SPLRCS), opens new tab, which includes Walmart, rose 1.13% as sole advancer of the 11 major S&P sectors, while information technology (.SPLRCT), opens new tab, down 1.27% was the weakest.

Declining issues outnumbered advancers by a 1.4 to 1 ratio on the NYSE, while on Nasdaq, decliners topped advancers by 1.9 to 1.
The S&P 500 posted 29 new 52-week highs and 3 new lows while the Nasdaq recorded 111 new highs and 95 new lows.

On U.S. exchanges 11.67 billion shares changed hands compared with the 11.64 billion moving average for the last 20 sessions.

Reuters