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The S&P 500 was little changed, with Nvidia shares slipping about 1% ahead of its highly anticipated earnings report. Investors also assessed disappointing results from Target
The Dow Jones Industrials recovered 139.53 points to 43,408.47.
The S&P 500 eked higher 0.23 points to 5,917.21.
The tech-heavy NASDAQ dropped 21.33 points to 18,966.14.
All eyes are on AI darling Nvidia. The results could hold more significance than some key economic reports, given the chipmaker’s $3.6-trillion market capitalization, and set the tone for the market for the rest of the week. Investors will search for details on demand for its Blackwell AI chips, which CEO Jensen Huang last month characterized as “insane.”
Discount retailers Dollar Tree, Dollar General and Five Below declined more than 2.5% each. Amazon also slipped about 1%.
Comcast shares added 1.6% as the media company announced plans to spin off its cable networks, including MSNBC and CNBC. The separation is expected to take roughly a year. Comcast first hinted at a potential split during its October earnings call.
Prices for the 10-year Treasury lost ground, raising yields to 4.42% from Tuesday’s 4.39%. Treasury prices and yields move in opposite directions.
Oil prices lost 44 cents to $68.95 U.S. a barrel.
Prices for gold took on $20.40 an ounce to $2,651.30 U.S.
