The Nasdaq rose 0.18% on Tuesday, closing at a record level, while the Dow Jones and S&P 500 declined. Banking stocks dragged markets lower, with Goldman Sachs, Morgan Stanley, and Bank of America losing up to 2%.

NVIDIA shares gained 4% and also reached an all-time high. The company received approval to resume H20 chip shipments to China, boosting investor confidence.

A procedural vote on Capitol Hill failed, delaying cryptocurrency legislation. Republicans want to merge all three bills, but Trump is only willing to sign one.

J.B. Hunt missed expectations as both earnings and revenue came in below forecasts. Shares dropped 3%, and the stock is now down 12% year-to-date.

Markets await the Producer Price Index (PPI) release on Wednesday, along with more earnings reports from banks and airlines.