US stocks slipped from record highs on Wednesday as investors waited for AI bellwether Nvidia's pivotal earnings and digested minutes from the Federal Reserve's May meeting that revealed some officials were willing to hike rates if necessary. The S&P 500 slipped around 0.4%, while the Dow Jones Industrial Average and the Nasdaq Composite both fell around 0.5%.
Investors are bracing for a big move in the chipmaker's share price and in other potential AI plays after the first-quarter results, set for release after the bell. It all adds up to a big test for the broader market as a whole. Meanwhile, investors were also greeted with the minutes from the Federal Reserve's May meeting on Wednesday.
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Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
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Stocks little changed after Fed comments, ahead of NvidiaThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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Stock market today: Stocks end mixed in volatile session after Fed decision, Powell commentsFed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
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