US stocks mixed as tech rebound lifts Nasdaq; ASX set to fall

US stocks were mixed Tuesday as a rebound in major tech shares lifted the Nasdaq, while the Dow fell and Apple declined. The Australian sharemarket is set to open lower, with futures pointing to a 0.3 per cent drop. The S&P 500 rose 0.5 per cent despite more stocks falling than rising, while the Dow lost 247 points. Nvidia, Broadcom, and Advanced Micro Devices gained over 3 per cent, but Apple fell 2 per cent on higher memory chip costs. The ASX added 0.3 per cent Tuesday after the Reserve Bank raised rates to an 18-year high. Midterm elections may add uncertainty, though the S&P 500 has historically risen in the six months after such votes. Oil prices swung near $103 per barrel, and South Korea’s Kospi dropped 3.6 per cent on tech losses.