us stocks wiped out earlier gains and finished tuesdays session lower as the market struggled for a direction the sp 500 dipped 02 to 418813 dragged down by the energy sector the techheavy nasdaq composite ended the day flat at 1365717 the dow jones industrial average fell 8152 points or 02 to 3431246 after rising more than 100 points at its session high big tech shares apple and netflix both erased an earlier advance and dipped into negative territory amazon shares came under pressure after washington dc attorney general karl racine said hes suing the ecommerce giant on antitrust grounds he alleged amazons practices have unfairly raised prices for consumers and suppressed innovation but shares eventually rose 04 on the day airlines and cruise lines provided the broader market with some support united airlines jumped 15 after the carrier said yields on domestic leisure tickets purchased this month topped 2019 levels amid the reopening boeing also gained 14 norwegian cruise line and royal caribbean rose more than 3 each the market is basically in a holding pattern until the next big event which is the feds tapering schedule or not tapering schedule tom essaye founder of sevens report said in a note until we have more clarity on fed tapering and the longerterm outlook for inflation we should expect this type of incremental volatility bitcoins recent rout which has hit tech stocks like tesla and dented overall investor sentiment stabilized on monday the cryptocurrency was back near 37600 tuesday after falling below 32000 at one point on sunday crypto prices rebounded as elon musk said he was having discussions with bitcoin miners regarding sustainability tesla a big holder of bitcoin fell 03 cryptoexchange coinbase gained 76 with the shares also getting a boost from a jpmorgan buy call the major averages rose on monday led by tech stocks and companies that benefit from a strong reopening from the pandemic as covid cases dropped to their lowest level since june monday was driven by inflation anxiety relief jim paulsen chief investment strategist at the leuthold group told cnbc evidence that inflation fears were calming in the bond and commodity markets began to drive the stock market late last week and has continued into today growth stocks including technology have regained leadership as yield and inflation fears ease paulsen added after mondays gain the sp 500 is now in the green for the month of may the sp 500 is down only about 1 from its record hit earlier this month before a pullback