US open: Stocks slightly lower as traders await FOMC minutes, Nvidia earnings

Major indices were little changed early on Wednesday as market participants awaited the release of minutes from the Federal Open Market Committee's latest policy meeting and earnings from AI darling Nvidia.

Source: Sharecast

As of 1530 BST, the Dow Jones Industrial Average was down 0.03% at 42,329.82, while the S&P 500 lost 0.04% to 5,919.16 and the Nasdaq Composite came out of the gate 0.07% weaker at 19,185.86.

The Dow opened 13.83 points lower on Wednesday, doing little to impact solid gains recorded in the previous session.

Traders were patiently awaiting Nvidia's latest set of quarterly numbers on Wednesday, set for release after the close, with investors likely paying close attention to what Chinese restrictions will mean for the chipmaker.

Investors will also thumb over minutes from the Federal Reserve's May meeting, due out at 1900 BST, as they hope to gain insight into what policymakers think the future may be for monetary policy given the current uncertain macroeconomic environment.

On the macro front, mortgage applications fell by 1.2% in the week ended 23 May, according to the Mortgage Bankers Association of America, extending the 5.1% decline in the previous week to the lowest level in three months. Applications to refinance a mortgage fell by 7.1%, while applications to purchase a home rose by 2.7%.

Elsewhere, the Richmond Federal Reserve's manufacturing index increased to -9 points in May, up from -13 in April and in line with market expectations.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Unitedhealth Group Inc. (UNH) $298.48 1.18%
Walgreens Boots Alliance, Inc. (WBA) $11.28 0.62%
Walmart Inc. (WMT) $98.02 0.45%
Procter & Gamble Co. (PG) $168.39 0.38%
Boeing Co. (BA) $201.74 0.35%
Visa Inc. (V) $360.13 0.23%
Amgen Inc. (AMGN) $279.97 0.19%
McDonald's Corp. (MCD) $315.23 0.09%
Microsoft Corp. (MSFT) $461.09 0.09%
Apple Inc. (AAPL) $200.29 0.04%

Dow Jones - Fallers

Dow Chemical Co. (DOW) $28.54 -1.32%
Nike Inc. (NKE) $62.44 -0.61%
3M Co. (MMM) $148.73 -0.51%
Walt Disney Co. (DIS) $111.86 -0.44%
Chevron Corp. (CVX) $137.25 -0.42%
Merck & Co. Inc. (MRK) $77.29 -0.39%
Verizon Communications Inc. (VZ) $43.35 -0.34%
Coca-Cola Co. (KO) $71.63 -0.22%
Intel Corp. (INTC) $20.51 -0.21%
American Express Co. (AXP) $293.19 -0.19%

S&P 500 - Risers

Advance Auto Parts (AAP) $51.29 3.41%
FMC Corp. (FMC) $40.06 2.78%
Humana Inc. (HUM) $231.83 2.30%
Edwards Lifesciences Corp. (EW) $77.71 1.95%
AutoZone Inc. (AZO) $3,767.50 1.94%
Hologic Inc. (HOLX) $63.32 1.85%
CVS Health Corp (CVS) $62.39 1.71%
Elevance Health Inc. (ELV) $382.32 1.68%
Fortive Corporation (FTV) $72.01 1.63%
Transdigm Group Inc. (TDG) $1,472.00 1.25%

S&P 500 - Fallers

Smith A O Corp. (AOS) $65.70 -4.19%
Macy's Inc. (M) $11.60 -3.65%
AES Corp. (AES) $9.73 -3.38%
Nektar Therapeutics (NKTR) $0.65 -3.19%
Albemarle Corp. (ALB) $57.42 -2.33%
Helmerich & Payne Inc. (HP) $15.07 -2.14%
D. R. Horton Inc. (DHI) $118.93 -2.10%
Norwegian Cruise Line Holdings Ltd (NCLH) $17.72 -2.07%
Celanese Corp. (CE) $54.04 -2.03%
Lennar Corp. Class A (LEN) $105.90 -2.03%

Nasdaq 100 - Risers

Hologic Inc. (HOLX) $63.32 1.85%
Trip.com Group Limited (TCOM) $62.78 1.67%
NetEase Inc. Ads (NTES) $125.90 1.30%
Texas Instruments Inc (TXN) $185.15 1.04%
Biomarin Pharmaceutical Inc. (BMRN) $58.59 0.83%
eBay Inc. (EBAY) $73.00 0.78%
Seagate Technology Plc (STX) $117.93 0.75%
Alphabet Inc. Class C (GOOG) $175.28 0.75%
Alphabet Inc. Class A (GOOGL) $174.06 0.67%
Intuitive Surgical Inc. (ISRG) $553.83 0.66%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $4.24 -8.44%
JD.com, Inc. (JD) $31.97 -1.76%
Vodafone Group Plc ADS (VOD) $10.34 -1.52%
Skyworks Solutions Inc. (SWKS) $70.61 -1.09%
Cadence Design Systems Inc. (CDNS) $319.64 -1.06%
Wynn Resorts Ltd. (WYNN) $91.60 -1.02%
Asml Holdings N.V. (ASML) $750.54 -0.83%
American Airlines Group (AAL) $11.55 -0.82%
Synopsys Inc. (SNPS) $508.22 -0.70%
Tesla Inc (TSLA) $360.79 -0.58%

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2025 Refinitiv, an LSEG business. All rights reserved.