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NASDAQ LEADS DECLINES ON WALL STREET AFTER LONG WEEKEND The Nasdaq .IXIC is leading declines among major indexes on Wall Street on Tuesday following a long holiday weekend, with artificial intelligence-related worries still in focus.

As concern about AI-driven disruptions continues, investors also are digesting Alibaba's unveiling on Monday of a new AI model, Qwen 3.5, designed to independently execute complex tasks.

Investors also are watching negotiations between Washington and Tehran. Iranian Foreign Minister Abbas Araqchi said Iran and the United States reached an understanding on the main "guiding principles" in a second round of indirect talks over their nuclear dispute on Tuesday, but that does not mean a deal is imminent.

Energy shares .SPNY are lower along with oil prices, while materials .SPLRCM is down the most among the major S&P 500 .SPX sectors.

More earnings reports are due this week, including from retailer Walmart WMT.O, although the fourth-quarter reporting season is winding down. Here is the early market snapshot:

(Caroline Valetkevitch) *****

EARLIER ON LIVE MARKETS:

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