U.S. stock markets were mixed at the close as investors cringed ahead of chipmaker Nvidia’s results and the outlook for its much-touted artificial intelligence sector.
Wall Street’s S&P 500 ended the day up less than 0.1%, with the index rallying late to recover from early trading losses. The tech-heavy Nasdaq Composite Index fell 0.1%.
Nvidia posted its biggest single-day gain in two months on Tuesday, closing 0.8% lower.
Among other stock moves, retail retailer Target, which reported disappointing earnings, closed 21.4% lower, its biggest one-day decline since 2022.
In the government bond market, the yield on 10-year bonds rose 0.03 percentage points to 4.41%. The yield on two-year bonds rose 0.05 percentage point to 4.2%.
