The major averages finished in the red with loses accelerating in the tech space led by Nvidia and Oracle. The Dow Jones Industrial Average added 10 points to 44,922 led by Home Depot. The S&P 500 fell 37 points or 0.59% while the Nasdaq Composite fell 314 points or 1.46%.

Shares of megacap tech and big-name chipmakers led the decline in the tech space with Nvidia down 3.5%, while Advanced Micro Devices and Broadcom fell 5.4% and 3.6%, respectively. Shares of high-flying software stock Palantir while Oracle was down 5%.

Intel jumped 7% on news Soft Bank will invest $2 billion in Intel.

Home Depot shares rose 3% after the home improvement giant maintained its full-year outlook. Lowes rose 2%. Many sectors performed well outside of tech.

U.S. Treasury yields dipped on Tuesday as investors awaited the Federal Reserve July meeting minutes and its annual Jackson Hole symposium later in the week. The 2-year Treasury yield fell about 2 basis points to 3.75%. The benchmark 10-year note yield dipped 3.5 basis points to 4.30%.

In the commodity space, oil fell 1.5%, gold was down half a percent while bitcoin dropped 2.6%. Ethereum was down 5%. A risk off today.

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