- NEWS Desk Global
WALL ST STRUGGLES FOR DIRECTION AS INVESTORS EVALUATE TECH TRADE
Wall Street's main indexes were flat to higher in choppy trading on Wednesday, with technology stocks attempting to find a floor after a recent selloff, while investors awaited a crucial inflation report this week to gauge the path of monetary policy. Chip leader Nvidia reversed early gains to fall 1.1%, with its losses weighing on the broader Philadelphia SE Semiconductor index, which fell 0.5%.
The S&P 500 information technology index edged 0.3% higher in another volatile session for the sector, which is instrumental in Wall Street's rise to fresh record highs this year as investors questioned whether other sectors offered better opportunities.
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