The Nasdaq rose 0.4% at 20,658.1, while the S&P 500 slipped 0.1% to 6,263.4 and the Dow Jones Industrial Average fell by 0.7% to 44,140.9. All sectors except technology and communication services fell intraday. Healthcare, energy, and financials led the decliners.

Wells Fargo (WFC) lowered its full-year net interest income outlook despite reporting second-quarter results above market expectations.

JPMorgan Chase (JPM) reported better-than-expected Q2 results as investment banking activity gained momentum amid improving market sentiment. Chief Executive Jamie Dimon, however, warned that the US economy still faces substantial risks, including trade tariffs.

Citigroup (C) reported a year-over-year gain in net income and revenue during Q2.

Meanwhile, in economic news, the consumer price index rose 0.3% month-over-month in June, the Bureau of Labor Statistics reported Tuesday. That's in line with a Bloomberg-compiled survey and a jump from a 0.1% gain in May. Annually, inflation accelerated to 2.7% from 2.4%, faster than the 2.6% consensus.

Core inflation, which excludes the volatile food and energy components, grew 0.2% from 0.1%, below the 0.3% forecast. The annual core measure came in at 2.9%, in line with market projections.

Most US Treasury yields rose, with the 10-year Treasury up 5.4 basis points to 4.48% and the two-year 5.6 basis points higher at 3.95%.

Nvidia (NVDA) secured a "monster win" as the US government assured that licenses for the H20 graphic processing units sales in China will be granted, Wedbush Securities said in a note to clients Tuesday. The tariff war halted H20 sales, and Wedbush said this cost Nvidia about $8 billion in quarterly sales. Shares jumped 4.2% intraday, among the top gainers in the S&P 500, the Nasdaq, and the Dow.

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