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 slid about 0.3%, while the tech-heavy Nasdaq Composite slipped around 0.2%. The Dow Jones Industrial Average fell roughly 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 take leg lower after Fed minutes with Nvidia earnings on deckStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
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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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Stock market today: US stocks hold near record highs with Nvidia front of mindInvestors 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 eye record highs as cooler inflation revives Fed rate cut hopesStocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
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Stock market today: Stocks gain as Fed rate hopes fuel continued rallyStocks rallied at the end of last week, getting a boost from a 'Goldilocks' jobs report.
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