U.S. Markets Hold Steady Ahead of Nvidia Earnings

U.S. stock markets remained largely unchanged on Wednesday as investors focused on upcoming catalysts for the technology sector and monetary policy. The S&P 500 recorded a marginal gain of 0.1 percent, while the Nasdaq and Dow Jones Industrial Average both saw slight declines.

Market participants are closely monitoring the second-quarter financial results and guidance from Nvidia. Investors are specifically looking for clarity on artificial intelligence spending, which is expected to set the tone for broader market movement.

Economic data released by the U.S. Department of Commerce showed that the personal consumption expenditures price index rose by 0.2 percent in July. While this figure slightly exceeded economist expectations, the market response remained muted. Traders are now looking toward Friday, when Federal Reserve Chairman Kevin Warsh is scheduled to speak at the Jackson Hole economic symposium.