Don’t look now, but the stock market’s Tuesday rally is fading.

The Nasdaq Composite was up just 0.6% shortly after 2 p.m. ET. The S&P 500 was up 0.4%. The Dow was up 192 points, or 0.5%.

The majority of stocks in the S&P 500 were rising. There wasn’t an obvious catalyst for the pullback, but a handful of large AI-linked stocks seemed to be losing steam.