FX.co ★ US Stocks Lack Direction, Nvidia Awaited

On Wednesday, the three major US stock indices remained largely unchanged as investors awaited Nvidia's highly anticipated quarterly results, set to be released after the closing bell. These results are expected to provide fresh insights into the AI market, particularly concerning potential impacts from restrictions related to China. Nvidia's stock showed little movement in anticipation. Additionally, market participants are focused on the forthcoming FOMC minutes, seeking further indications regarding the Federal Reserve's economic outlook and policy trajectory. In sector performance, energy and communication services led the way, while materials lagged behind. Macy's saw its shares increase by approximately 0.4% following its announcement of better-than-expected quarterly earnings. Conversely, GameStop experienced a decline of about 4.7%, despite revealing its acquisition of 4,710 bitcoins valued at over half a billion dollars.