S&P 500 closes flat, Dow Jones sheds 180 points

US stocks ended Tuesday's session flat, as technology shares remained under pressure amid concerns over funding for the AI boom, while investors assessed earnings from several major banks.

At the close, the Dow Jones Industrial Average fell 0.35%, or 180 points, to 51,670.

Meanwhile, the broader S&P 500 remained flat at 7,805 points, while the Nasdaq Composite lost 0.15%, or 41 points, to 27,204.

In Europe, the STOXX Europe 600 edged down 0.10% to 635 points, giving up early gains.

The UK's FTSE 100, Germany's DAX and France's CAC 40 all remained flat at 10,650 points, 25,259 points and 7,827 points, respectively.

In Japan, the Nikkei 225 retreated 1.82% to 67,777 points as markets resumed trading after the holiday, while the broader TOPIX inched up 0.14% to 4,110 points.

In oil markets, Brent crude futures for December delivery decreased 0.90%, or 96 cents, to $105.69 per barrel.

Meanwhile, US NYMEX crude futures for November delivery gained 0.43%, or 40 cents, to $94.14 per barrel.

In precious metals, gold futures for December delivery shed 0.31%, or $13.30, to $4,177.30 per ounce.

Market drivers

Technology sector turmoil continued to weigh on Wall Street for a second consecutive session, as investors assessed bank earnings and awaited consumer price inflation data due Wednesday.