At the close in New York, the Dow Jones Industrial Average was down 0.4 percent, the tech-heavy Nasdaq Composite fell 0.2 percent, while the broad S&P 500 closed just below zero.
Competition from China is putting pressure on companies in the memory sector. Chipmaker Micron Technology fell another 3.7 percent, following Monday's 3.9 percent loss.
Meta, which rose 3.4 percent on Monday after launching a new AI model, continued its upward trend, closing Tuesday up 2.6 percent.
The US earnings season has started with mixed results for the big banks. JPMorgan reported lower profits and a decline in income from fixed-income securities, and its stock fell 0.9 percent. Goldman Sachs' earnings surprised on the upside, but its stock still fell 0.2 percent.
