NEW YORK — Stocks are mostly unchanged in light trading as investors look ahead to an eagerly anticipated earnings report from the semiconductor company Nvidia, whose chips power AI applications. The S&P 500 slipped 0.1% and the Dow Jones Industrial Average edged down 0.1% in the early going Wednesday. The Dow is coming off two consecutive all-time highs. Nordstrom rose 2.6% after the department store chain easily surpassed Wall Street’s profit expectations.
There was less investor enthusiasm for Bath & Body Works, which dipped 2.7% in premarket after the soap and fragrance retailer came up short on analysts' revenue targets and gave a tepid full-year sales forecast. Nvidia has made a 159% gain this year thanks to soaring demand for its semiconductors, which are used to power artificial intelligence applications. Wall Street is expecting Nvidia to post second-quarter sales of $28.7 billion, more than double last year's quarter.
Fuel cell vehicles are ecological, running on electricity produced when hydrogen and oxygen combine and form water. Japanese business daily Nikkei reported a partnership will be announced next week.
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