Asian shares are trading mixed after Wall Street’s momentum slowed from its record highs, as Tesla and other technology shares declined.

U.S. stocks are drifting as Wall Street’s momentum slows after setting record highs in each of the last two days. The S&P 500 dipped 0.3% Tuesday and is on track for its first loss in four days.

U.S. Senate Republicans passed President Donald Trump's massive tax-and-spending bill on Tuesday by the narrowest of margins, advancing a package that would slash taxes, reduce social safety net programs and boost military and immigration enforcement spending while adding $3.3 trillion to the national debt.

Tesla stock has once again continued to slide after President Donald Trump and Elon Musk reignited their feud over the president’s “Big, Beautiful Bill.” House Republicans struggling to get the president’s bill pushed through the Senate faced an additional challenge on Monday night,