US stocks dip as semiconductor losses weigh on Nasdaq Composite

US stocks ended slightly lower on Tuesday, retreating from record highs reached last week, with the Nasdaq Composite weighed down by continued losses in semiconductor shares.

The S&P 500 edged down 0.02% to close at 7,805.45 points, pulling back from its all-time high recorded last week.

The Nasdaq Composite fell 0.15% to 27,204.38 points, while the Dow Jones Industrial Average declined 0.35% to 51,670.10 points.