Stocks drifted to a mixed close on Wall Street, holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war.
The S&P 500 edged up 0.1 percent Wednesday. Most stocks in the index lost ground, but solid gains for several heavyweight technology companies like Nvidia helped pull the index higher. The Dow Jones Industrial Average fell 0.2 percent, and the Nasdaq composite rose 0.7 percent.
American Eagle Outfitters sank 6.4 percent after becoming the latest company to pull its financial forecasts. Treasury yields rose in the bond market.
On Wednesday:
The S&P 500 rose 6.03 points, or 0.1 percent, to 5,892.58.
The Dow Jones Industrial Average fell 89.37 points, or 0.2 percent, to 42,051.06.
The Nasdaq composite rose 136.72 points, or 0.7 percent, to 19,146.81.
The Russell 2000 index of smaller companies fell 18.54 points, or 0.9 percent, to 2,083.80.
For the week:
The S&P 500 is up 232.67 points, or 4.1 percent.
The Dow is up 801.68 points, or 1.9 percent.
The Nasdaq is up 1,217.89, or 6.8 percent.
The Russell 2000 is up 60.73 points, or 3 percent.
For the year:
The S&P 500 is up 10.95 points, or 0.2 percent.
The Dow is down 493.16 points, or 1.2 percent.
The Nasdaq is down 163.98 or 0.8 percent.
The Russell 2000 is down 146.35 points, or 6.6 percent.
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