The S&P 500 and the NASDAQ Composite fell for a second straight session in a lackluster start to September.
The Dow Jones Industrial index regained 38.04 points, to conclude Wednesday at 41,974.97.
The S&P 500 sagged 8.86 points to 5,520.07.
The NASDAQ dropped 52 points to 17,084.30.
Nvidia fell 1.7% following a Bloomberg report that the U.S. Justice Department sent subpoenas to the chipmaker. The move comes after
Nvidia tumbled more than 9% Tuesday amid a broader pullback in semiconductors.
Some megacap technology and chip stocks regained their footing Wednesday, with Advanced Micro Devices and Tesla rallying about 3% and 4%, respectively. Meta Platforms, Marvell Technology, Broadcom and Qualcomm edged higher.
Corporate earnings season is largely behind investors, with Hewlett Packard Enterprise 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 3.76% from Tuesday’s 3.84%. Treasury prices and yields move in opposite directions.
Oil prices dipped $1.09 to $69.25 U.S. a barrel.
Gold prices fought their way up $3.50 to $2,526.50.
