The Nasdaq alone was in the green as investors weighed the US funding deal and fresh auto delivery figures.
After the Magnificent Seven stocks led the S&P 500 higher through most of 2023, strategists believe new leadership may be needed for the index to continue rising.
The S&P 500 ended nearly flat on Monday with utilities falling sharply and investors weighing the likelihood the Federal Reserve will need to hold interest rates higher for longer. The Nasdaq rose, and shares of Nvidia gained 2.9% after Goldman Sachs added the chipmaker to its conviction list of top stock picks. The U.S. central bank said last month it may hike rates again as it struggles to bring inflation closer to its 2% annual target.