Stocks
US Stocks Slide Amid Sticky Inflation and Nvidia Earnings
US stocks closed lower on Wednesday as investors grappled with persistent inflationary pressures and awaited quarterly results from chipmaker Nvidia. The Dow Jones industrial average fell by 113.52 points, or 0.21%, to finish at 53,463.88.
The S&P 500 slipped 1.58 points, or 0.02%, to 7,675.70, while the Nasdaq edged down 21.10 points, or 0.08%, to 26,130.20.
Investors were also focused on the latest personal consumption expenditures price index, which rose slightly more than expected in July, indicating that price pressures remain elevated.