US Stock Market Move | The stock of Intel Corporation (INTC.US) fell more than 4% as technology stocks declined across the board.

On Tuesday, the Nasdaq opened weak and fell by 0.3%. Star tech stocks were generally falling, with Intel Corporation (INTC.US) falling over 4%, AMD (AMD.US) falling over 3%, Broadcom Inc. (AVGO.US) falling over 2%, NVIDIA Corporation (NVDA.US), Tesla, Inc. (TSLA.US), and Microsoft Corporation (MSFT.US) falling over 1%. In terms of news, the Federal Reserve stated that the Federal Open Market Committee meeting is scheduled to begin at 10 a.m. Eastern Time. Bank of America Corp's global fund manager survey for June showed that investors generally expect the Fed to maintain interest rates on Wednesday. About 55% of investors expect a "hawkish hold", which means keeping rates unchanged and the new Fed Chairman Powell hinting at maintaining higher rates for a longer period. 33% of investors expect a "dovish hold", meaning Powell is open to further rate cuts.