At 14:00 ET (18:00 GMT), Dow Jones Industrial Average rose 21 points, or 0.1%, while S&P 500 rose 0.1%, while NASDAQ Composite added 0.1%.

Tech sector adds gains ahead of Nvidia earnings

Tech climbed but struggled for direction as investors continue to weigh quarterly earnings ahead of Nvidia's results due Wednesday.

Palo Alto Networks (NASDAQ:PANW) fell 2% cutting the bulk of earlier losses eve as  analysts flagged that the cybersecurity firm's latest billings forecast disappointed elevated expectations.

Nvidia (NASDAQ:NVDA) traded just above the flatline as the AI bellwether gears up to report results that many expect will top expectations.

"We expect NVDA will again beat expectations and raise the bar with guidance," Wedbush said in a recent note, highlighting several factors including robust demand for the chipmaker's various product offering. 

Microsoft Corporation (NASDAQ:MSFT) rose 1% ahead os its presentation Tuesday, where many on Wall Street are eagerly awaiting an update on its latest AI developments.

The company has been at the heart of a massive spike in market valuations over the past year, and is seen as a bellwether for the rapidly growing artificial intelligence industry. Nvidia's earnings are likely to set the tone for the broader technology sector.

More Fed cues awaited amid rate uncertainty

Federal Reserve Governor Christopher Waller continued to echo recent remarks from Fed speakers on holding rates at current levels, saying further evidence that inflation is slowing would be needed before backing a rate cut.