The Nasdaq composite inched fractionally higher in Tuesday's session. The S&P 500 shed less than 0.1%. Small caps led the market, with the Russell 2000 index climbing nearly 0.7%. The Russell recouped about half of Monday's drop of nearly 1.6%.

Stocks were flashing this warning signal before tariff jitters drove Dow down more than 400 points. Tesla and Apple don’t belong in the ‘Magnificent Seven’ anymore. These two hot tech stocks should replace them.