The Dow settled near breakeven on Tuesday, cooling off from the record highs that followed upbeat blue-chip earnings. The Nasdaq suffered the deepest cut, losing 314 points amid Nvidia (NVDA) and semiconductor profit-taking, while the S&P 500 settled firmly lower as well. Retail giants Lowe's (LOW) and Target (TGT) will enter the earnings confessional tomorrow morning, with investors also looking ahead to Fed Chair Jerome Powell's remarks after the Jackson Hole Economic Symposium later this week.

OIL, GOLD LOWER AS GEOPOLITICAL UPDATES LOOM

Oil prices moved lower as investors mulled over the long-term impact of a potential end to the war in Ukraine, as well as the lifting of Russian crude sanctions. September-dated West Texas Intermediate (WTI) shed $1.07, or 1.7%, to settle at $62.35 per barrel.

With investor focus still on the Jackson Hole summit, gold slipped. The now most popular, December-dated gold contract fell around 0.5%, to close at $3,361.80 per ounce.

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