Tech rebound masks mixed sector action

The Nasdaq .IXIC and S&P 500 .SPX are modestly higher, while the Dow .DJI is slightly green early on Tuesday as technology stocks rebound from a selloff ahead of Wednesday's PCE inflation report, which is expected to play a key role in shaping interest-rate expectations. Investors are also looking ahead to AI heavyweight Nvidia's NVDA.O quarterly results due after the close on Wednesday.

Despite gains in the major indexes, a majority of S&P 500 .SPX sectors are lower, with staples .SPLRCS, off more than 1%, the weakest group. Energy .SPNY is also under pressure as NYMEX crude futures CLc1 fall 3%.

After taking the biggest hit among sectors on Monday, tech .SPLRCT is rebounding about 1% and leading the market higher early in the session.

Beneath the surface, biotech .NBI and chips .SOX are also among the outperforming groups.

Big banks .SPXBK and regional banks .KRX are modestly lower.

Here is a snapshot of where markets stood around 10:09 a.m. ET.