(Image by Mediamodifier from Pixabay)
(CNBC) -- Stocks fell on Tuesday as investors navigated a batch of disappointing company reports ahead of a key inflation reading.
The S&P 500 fell 0.42% to 4,122.47, while the Nasdaq Composite dropped 1.19% to 12,493.93. The Dow Jones Industrial Average shed 58.13 points, or 0.18%, to close at 32,774.41.
The declines came after memory chipmaker Micron warned that revenue may fall short of its prior guidance because of “macroeconomic factors and supply chain constraints.” The stock fell more than 3%.
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