Stocks drifted to a mixed close on Wall Street, holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war.
The S&P 500 edged up 0.1% Wednesday. Most stocks in the index lost ground, but solid gains for several heavyweight technology companies like Nvidia helped pull the index higher. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite rose 0.7%.
American Eagle Outfitters sank 6.4% after becoming the latest company to pull its financial forecasts. Treasury yields rose in the bond market.
On Wednesday:
The S&P 500 rose 6.03 points, or 0.1%, to 5,892.58.
The Dow Jones Industrial Average fell 89.37 points, or 0.2%, to 42,051.06.
The Nasdaq composite rose 136.72 points, or 0.7%, to 19,146.81.
The Russell 2000 index of smaller companies fell 18.54 points, or 0.9%, to 2,083.80.