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The S&P 500 and NASDAQ Composite pulled back from fresh all-time intraday highs on Thursday.
The Dow Jones Industrial Index gave up 125.78 points to kick off Thursday at 46,476.
But Nvidia helped the 30-stock index restrict losses, rising more than 2% after CEO Jensen Huang told reporters computing demand has “gone up substantially” this year.
The much broader index lost 9.27 points to 6,744.45
The tech-heavy NASDAQ faded 36.58 points to 23,006.80.
Delta Air Lines shares rose $2.99, or 5.2% to $60.11, after the company issued strong guidance and posted third-quarter results that beat analyst expectations.
The airline earned an adjusted $1.71 per share on revenue of $15.2 billion. Analysts expected by LSEG expected a profit of $1.53 per share on revenue of $15.06 billion. Delta also issued fourth-quarter earnings guidance that exceeded estimates.
Investors will monitor morning remarks from Federal Reserve Chair Jerome Powell at a community bank conference, as well as speeches from other Fed officials such as Michelle Bowman and Mary Daly throughout the day.
These appearances come a day after the Fed released minutes for its most recent policy meeting showing divisions around what to do next with interest rates.
Prices for the 10-year Treasury dipped, raising yields to 4.15% from Wednesday’s 4.13%. Treasury prices and yields move in opposite directions.
Oil prices removed 30 cents to $62.25 U.S. a barrel.
Gold prices dropped $33.40 to $4,037.10 U.S. an ounce.
