Wall Street's main indexes ended lower on Monday as investors anxiously await inflation data this week to assess the outlook for interest rates and eye U.S.-China trade developments.

Megacap technology stocks and financial names were fueling a strong post-CPI rally in the U.S. stock market on Tuesday. The S&P 500's communication-services and information-technology sectors were among the top performers among the large-cap index's 11 sectors,

Broadcom has outperformed the broader market over the past year, and analysts are highly optimistic about the stock’s prospects.