Most US stocks fall, but Nvidia keeps Wall Street near records

NEW YORK (AP) — Most U.S. stocks are falling on Tuesday after an update on inflation hurt Wall Street’s hopes for lower interest rates. But indexes are staying close to their records thanks to Nvidia, the market’s most influential stock.

The S&P 500 was down 0.1% in midday trading and just a bit below its all-time high, which was set on Thursday. The Dow Jones Industrial Average was down 294 points, or 0.7%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.4% higher and on track to set another record.

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Most US stocks fall, but Nvidia keeps Wall Street near records | National

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