US stocks declined on Tuesday ahead of highly anticipated results from Nvidia and key inflation data later in the week.
At the opening bell, the Dow Jones Industrial Average fell 54.24 points, or 0.13%, to 41,186.28. The S&P 500 edged lower by 13.95 points, or 0.25%, at 5,602.89, while the Nasdaq Composite dropped 70.24 points, or 0.40%, to 17,655.52.
Gold prices fell on Tuesday, weighed down by higher US bond yields.
Spot gold fell 0.2 per cent to $2,512.63 per ounce, as of 9:53 am ET (1353 GMT). US gold futures eased 0.3 per cent to $2,547.90.
Spot silver fell 0.1 per cent to $29.88 per ounce.
Oil prices dropped on Tuesday after rebounding more than 7% over the previous three sessions on supply worries.
Brent crude futures were down 47 cents, or 0.58 per cent at $80.96 a barrel by 1311 GMT. US West Texas Intermediate crude futures dropped 54 cents, or 0.7 per cent, to $76.88.
