The index closed in the red for the fourth day in a row. The Nasdaq's technology-heavy composite index and the Dow Jones Industrial Average also finished in the red, up 0.6 and 0.2 percent, respectively.
AI giants Nvidia and Broadcom acted as driving forces, increasing 3.0 and 2.3 percent, respectively.
Statistics released today showed that the US economy grew by an annualized 4.3 percent in the third quarter. This was significantly more than expected and the highest growth rate in two years, which in itself reduces the likelihood that the Federal Reserve (Fed) will cut interest rates in January.
Meanwhile, Fed Chairman Jerome Powell's term ends in May, and President Donald Trump has promised to appoint a candidate who is more inclined to cut interest rates.
"I want my new Fed Chairman to lower interest rates if the market is doing well," Trump wrote on social media on Tuesday, continuing: "Anyone who disagrees with me will never be Fed Chairman."
The price of gold, considered a safe investment in troubled times, hit new record highs on Tuesday, with the precious metal now trading at over $4,492 an ounce.
The New York Stock Exchange has a half-day on Christmas Eve and closes at 7 p.m. Swedish time, and is closed on Christmas Day.
