Stocks continued to fall on Tuesday as some tech stocks slumped lower and new inflation data came in hotter-than-expected ahead of the Federal Reserve's latest monetary policy decision. The Dow Jones Industrial Average fell over 100 points, while the S&P 500 and Nasdaq slipped about 0.7% and 1%, respectively.

Microsoft (MSFT  ) was one of the main drags on the broader market, falling 3.2%, while shares of Netflix (NFLX  ), Apple (AAPL  ) and Amazon (AMZN  ) all ended the session in the red.

Here's how the market settled on Tuesday:

S&P 500 Index (SPY  ): -0.74% or -34.67 points to 4,634.30

Dow Jones Industrial Average (DIA  ): -0.30% or -105.26 points to 35,545.69

Nasdaq Composite Index (QQQ  ): -1.14% or -175.64 points to 15,237.64

Uber CEO says company just had "best week ever":

Uber (UBER  ) shares rose on Tuesday after CEO Dara Khosrowshahi said that the company just had its "best week ever in terms of overall gross bookings," during a digital fireside chat hosted by UBS, CNBC reports.

Gross bookings usually refers to the company's combined bookings for both its ride-sharing and delivery businesses.

"Our overall mobility business continues to get closer to pre-pandemic levels," Khosrowshahi siad, quoted by CNBC. "We're starting to inch up to call it like the 90% mark, we're not quite there. Last week was our best week, you know, post-pandemic."

Omicron now represents about 3% of U.S. sequenced cases:

U.S. Centers for Disease Control and Prevention (CDC) data published Tuesday showed that the Omicron COVID-19 variant now makes up 2.9% of cases sequenced in the United States, up from 0.4% recorded the previous week.

Still, the Delta variant still is the dominated strain in the nation, representing about 97% of cases analyzed, according to CDC data.

Wholesale prices jump at fastest pace on record annually:

Wholesale prices soared by a record 9.6% in November compared to last year, according to the Labor Department's latest report published Tuesday, marking the fastest annual pace on record and a sign that inflation pressures will likely to persist.

Additionally, November's Producer Price Index rose to 0.8% after a 0.6% gain in October, marking the highest monthly reading in four months. Moreover, food prices jumped 1.2% in November after falling 0.3% in October, while energy prices were up 2.6% after October's 5.3% rise.

Tuesday's hotter-than-expected inflation reading comes as the Federal Reserve starts its two-day monetary policy setting meeting. The central bank will release a statement on Wednesday, which will include projections for the economy, inflation and interest rates.

Here's how market benchmarks started trading soon after opening bell:

S&P 500 Index: -0.79% or -36.88 points to 4,632.09

Dow Jones Industrial Average: -0.40% or -141.06 points to 35,509.89

Nasdaq Composite Index: -1.39% or -217.32 points to 15,413.28