Stocks Little Changed To Start Week of Inflation, GDP Data; Tech Pressure Persists

The major stock indexes were little changed in early trading on Tuesday as tech stocks continued to feel the pressure at the outset of a holiday-shortened week.

The tech-heavy Nasdaq Composite was down less than 0.1% shortly after markets opened on Tuesday, while the benchmark S&P 500 and the blue-chip Dow Jones Industrial Average each rose less than 0.1%.

Stocks are coming off their worst week of 2026. The Nasdaq fell more than 2% last week when concerns about AI-driven disruption in the software and IT services industries flared up again. Tech jitters overshadowed last week’s tamer-than-expected inflation report and an unexpectedly strong January jobs report.

Chip stocks were under pressure on Tuesday, with giants Broadcom (AVGO), Micron (MU), and Advanced Micro Devices (AMD) all down more than 2% in recent trading. Even recent leaders of the AI trade, including Sandisk (SNDK) and Western Digital (WDC), were in the red.

The Magnificent Seven were mixed at the open. Apple (AAPL) shares were up more than 1% and Amazon (AMZN) ticked higher. Alphabet (GOOG) and Tesla (TSLA) were both down more than 1%, while Nvidia (NVDA), Microsoft (MSFT), and Meta (META) ticked lower.

Shares of Paramount Skydance (PSKY) rose Tuesday after Warner Bros. Discovery (WBD) said it would resume acquisition negotiations with the company, giving it another shot to best Netflix’s (NFLX) successful bid to acquire the storied Hollywood studio. Warner Bros. and Netflix stocks also gained ground.

The December Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation measure, is the biggest event on the economic calendar this week. The report, due Friday morning, is one of several inflation and labor market data points that will factor into deliberations when officials decide the course of monetary policy in a month’s time.

The yield on the 10-year Treasury, which influences interest rates on a variety of consumer loans including mortgages, was recently 4.06%, up from 4.05% on Friday’s close.

Gold and silver futures slumped, continuing the bumpy ride that began with the metals’ worst sell-off in decades late last month. Gold was recently down more than 2% at $4,920 an ounce, and silver fell about 5% to $74.15 an ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, dipped 0.2% to $62.75 a barrel.

Bitcoin was recently trading around $68,000, down from its weekend high above $70,000. The U.S. dollar index, which tracks the value of the greenback against a basket of currencies, was up 0.5% at 97.40.