Stocks moved lower Tuesday, giving up early gains, as Treasury yields rose after strong economic data raised questions about where interest rates are headed.

Ten-year Treasury yields were hovering just shy of their highest since last May, and the 30-year yield was close to its highest since November 2023, as investors continued to show concern that President-elect Trump’s import tariff and immigration plans may revive inflationary pressures.

The Dow Jones rose Tuesday ahead of jobs data. Nvidia stock rallied to record highs after CEO Jensen Huang unveiled new AI products.

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were mixed ahead of Tuesday's open following Monday's stock market action.Nvidia stock surged more than 3% Monday, breaking out past a 146.

"The ChatGPT moment for general robotics is just around the corner," Nvidia CEO Jensen Huang said in his keynote speech at CES.

The CEO shared an upbeat outlook for the AI industry and Blackwell chips at CES. Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) 2025, showcasing the company’s latest innovations in Las Vegas,

The tech-heavy Nasdaq Composite fell 1.58% while the S&P 500 lost 1.12%. The Dow Jones shed 333 points to end the day.

U.S. stocks gains narrowed on Monday afternoon, after Fed governor Lisa Cook warned that the stock market is susceptible to a "large decline." The Dow Jones Industrial Average edged up 19 points, or less than 0.

Wall Street observed an up and down day for the broader market averages on Monday as markets rallied in the morning and sold off in the afternoon. Investors saw a mixed finish as the Dow lost ground but the Nasdaq led the way higher as shares of Nvidia (NVDA) moved up 3.