LIVE MARKETS-Wall Street indexes edge down in aimless trade

Reuters
28 May
LIVE MARKETS-Wall Street indexes edge down in aimless trade

US equity index indexes edge red

Among S&P sectors, healthcare leads gains; utilities loses most

Euro STOXX 600 index off ~0.4%

Dollar, gold gain; crude up ~1.5%; bitcoin off ~1.5%

US 10-Year Treasury yield rises to ~4.48%

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WALL STREET INDEXES EDGE DOWN IN AIMLESS TRADE

Wall Street's three major indexes are slightly lower on Wednesday, unable to hold onto their timid gains from earlier with investors likely on the sidelines ahead of big news.

While the release of Federal Reserve meeting minutes, due during the afternoon, generally elicits little market response, that can't be said for results from artificial intelligence chip leader Nvidia NVDA.O, which are due after market close.

Under the hood, the market is a mixed bag with less than a handful of the eleven major S&P 500 .SPX industry sectors rising.

The gainers are led by healthcare .SPXHC, up just 0.2% while the losers are led by utilities .SPLRCU down only around 0.5%.

Small caps aren't getting much love with the Russell 2000 .RUT down ~0.5%. The S&P 500 value index .IVX is edging down, while the S&P growth index .IGX is basically trying to hold its ground around flat.

The Philadelphia semiconductor index .SOX has also turned slightly red. Nvidia is off ~0.1%, with its investors presumably playing the wait-and-see game .

Here is your snapshot from 1021 a.m ET/1421 GMT

(Sinéad Carew)

*****

EARLIER ON LIVER MARKETS:

WILL NVIDIA EARNINGS PULL UP THE SOX? CLICK HERE

HAVE REDUCED BETS ON BOE CUTS GONE TOO FAR? CLICK HERE

POSTCARD FROM MADRID: BANKS' MOOD IS "POSITIVE" CLICK HERE

DEFENCE, GERMAN STOCKS CHARGE AHEAD CLICK HERE

BEFORE THE BELL: EUROPEAN FUTURES DIP, STELLANTIS PICKS CEO CLICK HERE

NVIDIA EARNINGS TAKE THE SPOTLIGHT CLICK HERE

Wall Street indexes turn lower https://tmsnrt.rs/3STy69M

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