By Caitlin McCabe and Karen Langley
With a lull in trade-war news, Nvidia has the spotlight.
The chip maker's earnings are due after Wednesday's close. Nvidia results have become one of Wall Street's most watched events, as traders seek insight into the progress of the artificial-intelligence revolution. Options trading shows investors are bracing for a big swing in Nvidia stock after the earnings, as has often happened in recent quarters.
"It's reasonable to believe that the market will see Nvidia's report as being symbolic of the tech industry on the whole," said Jason Pride, chief of investment strategy and research at Glenmede.
Stocks ticked lower Wednesday, a day after the three big U.S. indexes surged. Treasury yields rose, while in Japan, a weak bond auction extended a volatile stretch for longer-dated Japanese debt that has rippled through global bond markets.
News on the trade front was light. Late Tuesday, Canadian Prime Minister Mark Carney said the country is in intensive negotiations with the U.S. on a new economic-and-security deal. It isn't in either his interest or President Trump's to let talks drag on through the fall, Carney said.
In recent trading:
Stocks closed lower. The Dow Jones Industrial Average lost 0.6%, or 245 points, while the S&P 500 and Nasdaq Composite fell around 0.5%. On Tuesday, all three indexes finished up 1.8% or more.
Government bond yields advanced. The 10-year yield rose ro 4.479% after settling at 4.432% on Tuesday. The 30-year yield climbed to4.977%.
The WSJ Dollar Index gained, after rising Tuesday.
Overseas stock indexes were mixed. Gauges in Asia mostly fell, except in South Korea, where chip stocks boosted the benchmark Kospi. The Stoxx Europe 600 pulled back.
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(END) Dow Jones Newswires
May 28, 2025 16:19 ET (20:19 GMT)
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