US benchmark equity indexes were on track to close lower on Tuesday as investors continued to parse quarterly financial results.

The Dow Jones Industrial Average dropped 0.3% to 40,412.32, while the Nasdaq Composite decreased 0.2% to 16,803.85. The S&P 500 was down 0.2% to 5,396.81. Financials and real estate sectors posted the largest gains, while consumer discretionary was the worst performer.

Netflix (NFLX) was one of the top performers on the S&P 500, with shares up 5.7%. The company likely faces "limited" risks from a potential global or US economic downturn amid the Trump administration's tariffs, Oppenheimer said. Netflix has no trade exposure and could even benefit from a potential economic downturn, when consumers tend to stay home more often, analyst Jason Helfstein said.

Hewlett Packard Enterprise (HPE) was up 5.2%. Elliott Investment Management has taken a position worth $1.5 billion in Hewlett Packard Enterprise, Bloomberg reported.

Albemarle (ALB) shares were down 6%, the steepest decline on the S&P 500. Analysts at Citigroup, Baird, KeyBanc, Truist Securities and Wells Fargo lowered their price targets on the company's stock, while maintaining existing ratings.

The 10-year US Treasury yield lost 2.7 basis points to 4.34%, while the two-year rate was up 1.5 basis points to 3.85%.

May West Texas Intermediate crude oil was down 0.2% to $61.42 a barrel.