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US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the needle on interest rates.
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The Nasdaq Composite reached a new high on Tuesday, breaching 17,000 for the first time as AI darling Nvidia continued its post-earnings tear to also reach a record of $1,140 a share.
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Stocks closed the week with mixed results as debate about when, or if, the Federal Reserve will cut interest rates continued to be top of mind for investors.
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US stocks pushed higher Friday as Wall Street looked to bounce back from the Dow's biggest wipeout in over a year.
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Stocks slid from record levels on Thursday as interest rate worries dominated investor sentiment after Nvidia's blockbuster earnings failed to spur a broader market rally.
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US stocks slipped from record highs on Wednesday as investors waited for AI bellwether Nvidia's pivotal earnings and digested minutes from the Federal Reserve's May meeting that revealed some officials were willing to hike rates if necessary.
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