[Dow Jones Rebounds Late to Close Slightly Higher, Chip Stocks Slump Dragging Nasdaq Down Nearly 1%] U.S. stocks strengthened late on Tuesday, erasing part of the intraday losses. The three major indexes closed mixed: the Dow Jones rose 0.17%, the Nasdaq fell 0.97%, and the S&P 500 declined 0.26%. Chip stocks collectively slumped, with the Philadelphia Semiconductor Index dropping 1.93%. ARM fell over 6%, Qualcomm dropped over 5%, AMD and Seagate Technology fell over 3%, and Intel declined over 2%.