• S&P 500 takes a step down on flagging technology sector components.
• Equities on softer footing ahead of key US CPI data due on Wednesday.
• Despite declines, S&P tech component up nearly 40% for 2023.

The Standard & Poor’s (S&P) 500 equity index is seeing red for Tuesday, slipping to the $4,460.00 area after opening the day neat $4,480.00. 

Apple Inc’s highly-anticipated marketing event on Tuesday couldn’t provide support for the S&P 500 as Apple shares slumped nearly 2% following the announcement of the next version of their flagship iPhone line as the announcement failed to inspire investors.

Techs down on Tuesday despite stellar performance for the year

The technology sector component of the S&P 500 is broadly lower for Tuesday, down 1.5% for the day. Despite this, the technology facet of the major index is still up more than 37% for 2023