03:47 PM EDT, 07/23/2024 (MT Newswires) -- US benchmark equity indexes were lower ahead of Tuesday's close as traders analyzed the latest set of corporate earnings and awaited Alphabet (GOOG, GOOGL) and Tesla's (TSLA) results.

The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite were down 0.1% each. Among sectors, materials led the gainers, while energy saw the steepest decline.

United Parcel Service ( UPS ) , Paccar ( PCAR ) , General Motors ( GM ) and Spotify Technology ( SPOT ) were among the major companies to report their latest quarterly financial results.

Google ( GOOG ) parent Alphabet and electric vehicle maker Tesla are scheduled to report after the closing bell, along with other names such as credit card giant Visa (V).

The US two-year yield fell 3.4 basis points to 4.49%, while the 10-year rate lost 1.3 basis points to 4.25%.

West Texas Intermediate crude oil dropped 1.4% to $77.34 per barrel.