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The S&P 500 ended the session near the flatline on Wednesday as investors watched to see if the benchmark index could return to its all-time high.
The Dow Jones Industrials dropped 106.59 points to end Wednesday’s session at 42,982.43.
The much-broader index fell 0.02 points to 6,092.16.
The NASDAQ Composite tacked on 61.02 37.26 points to 19,973.55.
Shares of artificial intelligence darling Nvidia added 4% after hitting a fresh 52-week high. Google-parent company Alphabet and chipmaker AMD gained 2% and 3%.
Week to date, the S&P 500 is up more than 2% after a tamer-than-expected Iranian response to U.S. attacks over the weekend. The following ceasefire — announced by President Donald Trump — also boosted equities, as investors breathed a sigh of relief that the conflict wouldn’t disrupt global crude supply.
On the economic front, investors parsed data on new home sales, which came in at the slowest pace since October 2024.
Prices for the 10-year treasury jumped, lowering the yield to 4.28%. Treasury prices and yields move in opposite directions.
Oil prices gained 84 cents to $65.21 U.S. a barrel.
Gold prices gained $13.20 to $3,447.10 U.S. an ounce.
