Stocks were lower in early-afternoon trading Tuesday, after retreating from early-session gains, as Treasury yields rose following the release of fresh economic data that raised questions about where interest rates are headed.

The Dow Jones Industrial Average and other major indexes traded higher Tuesday, as Wall Street awaited employment data due out just after the stock market open. Leading the pack was Nvidia, which rallied to record highs in premarket action after Chief Executive Jensen Huang unveiled new artificial intelligence initiatives at CES 2025.

Jensen Huang unveils the chip designer’s next-generation gaming graphics cards at the CES tech trade show in Las Vegas on Monday.