The S&P 500 hovered near the flatline Wednesday as Wall Street attempted to bounce back from a steep losing session.
The Dow Jones Industrial index regained 105.61 points, to kick off Wednesday at 41,042.54.
The S&P 500 poked up 9.73 points, or 2.1%, to 5,538.66.
The NASDAQ recovered 10.55 points to 17,146.85.
Nvidia slipped 0.7% after a Bloomberg report said the U.S. Justice Department sent subpoenas to the chipmaker. The move comes after Nvidia tumbled more than 9% in Tuesday’s session amid a broader pullback in semiconductor stocks.
Meta Platforms, Amazon and Microsoft were down more than 1% each.
Wall Street is coming off a losing session, with the major benchmarks posting their worst day going back to the Aug. 5th sell-off, as chip names struggled and the latest economic data implied slowing growth for the U.S. economy. The 30-stock Dow fell more than 600 points, or 1.5%, while the S&P 500 slid 2.1%. The NASDAQ dropped 3.3%.
Corporate earnings season is largely behind investors, with Hewlett Packard Enterprise is set to post earnings after the close. Dollar Tree shed nearly 19% after slashing its guidance.
Prices for the 10-year Treasury gained ground, lowering yields to 3.78% from Tuesday’s 3.84%. Treasury prices and yields move in opposite directions.
Oil prices dipped 97 cents to $69.37 U.S. a barrel.
Gold prices fought their way up 30 cents to $2,523.30.
