Wall Street down, led by consumer discretionary
SPY•Wall Street lower at midday
Major U.S. stock indexes are lower in midday trading on Wednesday, with consumer discretionary .SPLRCD leading declines among S&P 500 .SPX sectors and investors anxiously awaiting quarterly results from Nvidia NVDA.O after the closing bell.
Shares of Nvidia, down 1.3%, are the biggest drag on the S&P 500 .SPX and Nasdaq .IXIC.
Even though it's been a much stronger-than-expected second-quarter earnings season, worries remain for some investors about the sustainability of the AI boom.
Amazon AMZN.O is down 1% and is the biggest weight on the consumer discretionary index.
Also lower are shares of software company Salesforce CRM.N, which too is due to report after the close.
Here is the midday market snapshot:
