Stocks were lower in 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 rose Tuesday after jobs data. Nvidia stock reversed from record highs after CEO Jensen Huang unveiled new AI products.

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

The Roundhill Magnificent Seven ETF, which holds Nvidia, Apple Inc., Microsoft Corp, Google parent Alphabet Inc., Amazon.com Inc., Tesla Inc. and Facebook parent Meta Platforms Inc, was up 2.3%, according to FactSet data, at last check. That exceeded the S&P 500’s 1.3% rise.

Wall Street's major averages are mixed on Tuesday, as investors received the latest round of labor data in the form of the JOLTS report. Early on and the S&P 500 (SP500) was -0.2%, the Nasdaq Composite (COMP:IND) was -0.