Dow Jones backs off historic highs

US stock indices were mixed on Tuesday amid selling pressures, with traders collecting profits after Dow Jones marked record highs yesterday. 

Federal Reserve Chair Jerome Powell sent out his strongest signal yet of an approaching interest rate cut during his speech at Jackson Hall. 

He pointed to the progress achieved in controlling inflation, with the Fed now preparing to shift its focus to the second half of its mandate, to ensure full employment. 

Now investors await results by Nvidia later this week to gauge the strength and durability of AI momentum.

On trading, Dow Jones fell 0.1%, or 50 points as of 17:15 GMT to 41,191, while S&P 500 rose 0.1%, or 5 points to 5621, as NASDAQ added 0.1%, or 15 points to 17,742.