Viatris Inc. closed 34.10% below its 52-week high of $13.55, which the company achieved on November 25th.

Behind declines for shares of American Express and UnitedHealth, the Dow Jones Industrial Average is trading down Tuesday morning. Shares of American Express and UnitedHealth are contributing to the index's intraday decline,

Tech stocks were an outlier, though, and the Nasdaq composite rose 0.2% to set another record thanks to Nvidia, the market’s most influential stock.

If NASDAQ climbs above the 23,000 level, it will head towards the 23,500 level. On the support side, a move below 22,850 will push NASDAQ towards the 50 MA at 22,781.

The Nasdaq Composite was rising 0.5% in the final hour of trading on Tuesday, at around 20,743. The tech-heavy index is on pace for a record closing high, helped by a strong rally in semiconductor stocks.

The Dow Jones Index has surged and entered a bull market in the past few months. Explore what to expect ahead of earnings

McDonald's ( MCD 0.45%) had the unfortunate distinction of posting the Dow Jones Industrial Average's worst stock performance in June. The shares dropped 6.9% during the month.

From the technical point of view, SP500 needs to settle above the resistance level at 6280 – 6290 to gain additional upside momentum in the near term. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge. If SP500 settles above the 6290 level, it will head towards the 6350 level.

Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.

Nvidia ( NVDA 4.08%) became the first company to reach $4 trillion in market cap on Wednesday -- an incredible feat considering the company was worth a fraction of tech giants Apple and Microsoft just a few years ago.