On Tuesday, the rebound of the US stock market, which had lasted for nearly a month, temporarily hit the “pause button”, with the three major indices closing slightly lower. Investors’ attention was focused on policy games and the dynamics of the technology industry. By the close of trading, the S&P 500 index dropped 0.39% to 5,940.46 points, the Nasdaq Composite Index fell 0.38% to 19,142.71 points, and the Dow Jones Industrial Average slightly declined 0.27% to 42,677.24 points, marking the end of the S&P 500’s six-day consecutive rise.

From a technical perspective, the Relative Strength Index (RSI) of the S&P 500 has risen to 67.79, approaching the “overbought” zone, and the market’s divergence on whether the rally can be sustained has intensified. At present, the index still has a 3.5% gap from the historical high of 6,147 points set in mid-February, and investors are waiting for new catalysts to guide the direction.