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The S&P 500 fell Wednesday, pulling back from a record reached in the previous session, as Nvidia cooled off from its red-hot rally to start 2024.
The Dow Jones Industrials reached higher 135.81 points to move into Wednesday afternoon at 39,141.10.
The broader index slid 5.42 points to 5,169.70.
The NASDAQ tumbled 92.61 points to 16,173,08.
Nvidia shares were down more than 2%. Shares of Meta and Apple fell slightly. Elsewhere, Dollar Tree lost 13% after the discount retailer released its fourth-quarter results. Investors will get more inflation data Thursday in the form of the producer price index for February.
Wall Street is coming off a winning session, with S&P 500 and NASDAQ popping more than rallied more than 1% on Tuesday, after February U.S. inflation data came in about in line with expectations.
Investors will get more inflation data Thursday in the form of the producer price index for February.
Prices for the 10-year Treasury lost ground, boosting yields to 4.19% from Tuesday’s 4.15%. Treasury prices and yields move in opposite directions.
Oil prices jumped $1.48 to $79.04 U.S. a barrel.
Gold prices spiked $11.30 to $2,117.40.
