Keeping indexes in check was GE Aerospace, which tumbled 9% and was the heaviest weight on the S & P 500. The company, which began trading independently this spring after splitting off from the former conglomerate General Electric, reported stronger profit for the latest quarter than analysts expected, but its revenue fell short of forecasts.

HONG KONG (AP) — Asian stocks were mixed on Wednesday under pressure from a rising U.S. dollar and the uncertainties over the U.S. election.

Inflation is falling, productivity is rising, and the Fed is likely to cut rates, but forecasters warn not to assume that means stocks keep rising.

U.S. stocks are slipping again as Wall Street’s record-breaking rally loses more momentum. The S&P 500 was 0.4% lower in Tuesday morning trading and on track for its first back-to-back loss in a month and a half.

Strategists said they changed their price target after a meeting with Huang. The Nvidia CEO spoke of the company's advantage over other chipmakers, and the bank said that Nvidia's "competitive moat" is built on the firm's installed base, its innovation, and its "robust and growing" software offerings.

Last week, RBC Capital's Paul Treiber boosted his fair-value assessment of Shopify to $100 per share, well up from his preceding level of $85. In doing so, he maintained his outperform (read: buy) recommendation, as the new price target sits a comfortable 21% over the stock's most recent closing price.

U.S. stock indexes barely budged after a quiet day of mixed trading on Tuesday. General Motors jumped 10.4% for its best day since 2020 after delivering stronger than expected profit and revenue.

OpenAI introduced its conversational intelligence application ChatGPT in November 2022. Since then, artificial intelligence (AI) has become one of the hottest investment themes on Wall Street, and AI stocks Super Micro Computer (NASDAQ: SMCI) and Nvidia (NASDAQ: NVDA) have been the best-performing members of the S&P 500 (SNPINDEX: ^GSPC).