FX.co ★ US Stocks Remain Muted Ahead of Nvidia

On Wednesday, U.S. stocks held steady, maintaining the majority of gains from the previous day, as the market evaluated corporate resilience ahead of Nvidia's earnings report scheduled for later. The three major indices hovered near their opening levels. Nvidia's shares saw a modest increase of less than 1% as investors anticipated the company's guidance amidst new U.S. government restrictions on technology exports to China, which could lead to sanctions on major chip consumers. Meanwhile, Macy's stock also saw a slight uptick following the announcement of better-than-expected performance results. On the macroeconomic side, the minutes from the Federal Reserve's recent meeting revealed that the Fed is adopting a cautious approach, seeking further clarity on U.S. economic policy before determining a definite course of action. It was noted that members of the Federal Open Market Committee (FOMC) concurred that both economic growth and the labor market remain robust. The Fed had opted to maintain interest rates at its last meeting, conducted prior to the easing of trade tensions between the U.S. and China.