Dow Jones Industrial Average futures inched upward early Tuesday following a record-setting session for the blue-chip index. Futures linked to the 30-stock index increased by 53 points, representing approximately 0.1%.S&P 500 futures exhibited a decline of 0.2%, whereas Nasdaq-100 futures experienced a more pronounced drop of 0.9%. Global markets experienced a decline in chip stocks on Tuesday, as the pullback in the semiconductor sector observed during the Asian session extended its effects into European and U.S. markets.

Micron’s shares were observed to be 5% lower in pre-market trading, while KLA, Marvell Technology, Nvidia, Broadcom, and AMD also experienced declines in anticipation of the regular session. Meanwhile, SpaceX experienced a decline of approximately 2% in anticipation of its entry into the Nasdaq-100 on Tuesday. South Korea’s Kospi experienced the most significant drop among Asia-Pacific markets, finishing the day down by 4.91%. Tech heavyweight Samsung Electronics experienced a decline of nearly 7% on Tuesday, as apprehensions regarding expenditure and demand eclipsed a substantial rise in the company’s operating profit for the second quarter.

Japan’s Nikkei 225 experienced a decline of 2.12%, whereas the Topix saw a decrease of 0.97%. Hong Kong’s Hang Seng Index experienced a decline of 0.51%, while mainland China’s CSI 300 saw a decrease of 1.03%. Tuesday morning’s action follows a winning session on Wall Street that propelled the Dow above the 53,000 mark for the first time. The 30-stock index also concluded above that threshold. Technology stocks led the charge higher, with the Nasdaq Composite finishing up by more than 1% amid a rebound in semiconductor names. The S&P 500 also closed higher, advancing 0.7%.

Dell experienced an increase of over 4% during Monday’s trading session following President Donald Trump’s endorsement of its computers at a White House event. Microsoft shares experienced a decline following the announcement of 4,800 job cuts by the software giant. “We’re getting new highs on various indices, and that makes sense,” Richard Bernstein told. “Not only is earnings growth strong, but it’s abundant as well. That is spreading to the markets.” Investors will closely monitor the forthcoming economic data regarding the U.S. trade deficit, scheduled for release on Tuesday morning. There are no significant earnings announcements on the calendar.