Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq edges lower as chip stocks weigh; bank results shape sentiment

The Nasdaq edged lower on Tuesday as chip stocks weighed on the index, while investors assessed a mixed set of quarterly results from banks.

The decline was led by semiconductor stocks, which have been hit by concerns about slowing demand and weak earnings guidance from some companies in the sector.

Investors are also awaiting key economic data, including the US consumer price index (CPI) and retail sales figures, which could provide insights into the health of the US economy.