U.S. stocks slipped Tuesday as weakness in big tech and Powell's cautious tone on future rate cuts weighed on markets. Data by YChartsThe S&P 500 (SNPINDEX:^GSPC) dropped 0.55% to 6,656.92, while the Nasdaq Composite(NASDAQINDEX:^IXIC) slid by 0.95% to 22,573.47. Major indexes eased from record levels as Federal Reserve Chair Jerome Powell signaled that the central bank would take a measured approach to additional rate cuts. Nvidia Corp. (NASDAQ: NVDA) retreated after outlining plans to invest at least $100 billion in OpenAI, including the buildout of massive AI systems. Investors now look ahead to fresh economic data for signals that could guide the Fed's pace of easing.