S&P 500, Nasdaq End Barely Changed as Investors Await Nvidia Results
The S&P 500 ended little changed on Wednesday ahead of Nvidia's quarterly results, which are expected to set the tone for the artificial intelligence sector.
Stocks lost ground in afternoon trading, with investors digesting the latest comments from U.S. President Donald Trump on tariffs.
Trump said on Wednesday that his administration will soon announce a 25% tariff on imports from the European Union. He also raised hopes for another pause on steep new tariffs on imports from Mexico and Canada by saying they would take effect on April 2, about a month later than a deadline next week.
Nvidia's shares rose, while an index of semiconductors (.SOX), was also higher.
Gains in technology (.SPLRCT), were offset by losses in healthcare (.SPXHC), opens new tab, consumer staples (.SPLRCS), and other sectors.
All eyes will be on AI-leader Nvidia's results and comments after the market's close.
The launch and popularity of low-cost AI models from China's DeepSeek had rattled the industry in January and raised questions around U.S. companies' heavy investments in the technology.
According to preliminary data, the S&P 500 (.SPX), gained 1.33 points, or 0.02%, to end at 5,956.58 points, while the Nasdaq Composite (.IXIC), gained 48.86 points, or 0.26%, at 19,075.25. The Dow Jones Industrial Average (.DJI), fell 175.82 points, or 0.40%, to 43,445.34.
Source : Reuters
