Stocks
US Stock Market Holds Steady Amid Inflation Concerns
The US stock market experienced a quiet day of trading on Wednesday following a report that inflation was slightly worse than expected in June.
The S&P 500 edged down by less than 0.1%, while the Dow Jones Industrial Average dipped 113 points, or 0.2%, and the Nasdaq composite slipped 0.1%.
Ahead of Nvidia's latest earnings report, which arrived after trading ended for the day, expectations were high for the chip giant, whose tremendous growth in profit due to the artificial-intelligence boom has made it the largest stock by value in the US market.