The early focus was on Nvidia, which in AI tech terms is the only company selling shovels during a gold rush. Its Q3 earnings handily beat the Street, as did its forecasts for Q4, although the bullish expectations built into this stock are so immense its shares still eased a touch.
Asian stocks backed away from 2-1/2-month high on Wednesday and the dollar found support as investors' tempered some of their earlier enthusiasm about the prospect of an end to U.S. rate hikes.
Markets ended the winning streaks for the S&P 500 and Nasdaq today, with three of the four major indices only down marginally: the Dow finished -62 points lower, -0.18%, the S&P 500 was -0.20% and the Nasdaq closed -84 poi