Stocks are little changed Wednesday, Nvidia shares slip: Live updates – CNBC

Stocks struggled to maintain momentum on Wednesday after the S&P 500 index hit a new record high in the previous session.

The overall market index remained close to a flat line. The Dow Jones Industrial Average rose 73 points, or 0.2%, while the Nasdaq Composite Index fell 0.2%.

— Brian Evans

Dollar Tree stock fell more than 7% premarket after the discount retailer reported its latest quarterly results and announced multiple store closures.

The company reported adjusted earnings of $2.55 per share. However, it’s unclear whether this number will match Street accounts’ expectations of $2.66 per share. Dollar Tree also said it plans to close nearly 1,000 stores.

— Fred Imbert

Canon Electronics’ stock price fell as much as 12.7% after Tokyo-based Space One’s rocket exploded shortly after liftoff.

Canon is part of the group of companies that founded Space One in 2018.

The solid-fuel Kairos rocket exploded within seconds of liftoff. Departs at 11:01am Japan timeReuters reported. If the mission was successful, Space One would have become the first Japanese company to put a satellite into orbit.

IHI Aerospace, construction company Shimizu, and the government-affiliated Development Bank of Japan are other companies that helped establish Space One. Japan’s two largest banks, Mitsubishi UFJ and Mizuho Financial Group, also own minority stakes in Space One.

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— Shreyashi Sanyal

South Korea’s unemployment rate in February was a seasonally adjusted 2.6% compared to the same month last year. According to official data.

This was slightly lower than January’s unemployment rate of 3%. This was also the lowest level since October 2023.

Korean stocks rose slightly, with the Kospi up 0.5%.

— Shreyashi Sanyal

India’s inflation rate in February was 5.09%, down slightly from January’s 5.10%.

However, the figure was higher than the 5.02% expected by economists polled by Reuters.

Data from the National Bureau of Statistics of India It revealed that food and beverages led price increases in February, recording an inflation rate of 7.76%.

— Lim Huijie

The S&P 500 index posted its 17th record close of the year on Tuesday. Here’s what the market looks like below the surface.

• Seven out of 11 sectors were positive on Tuesday.
• The best performing sector was the tech sector, up 2.5%.
• The worst-performing sector was utilities, which fell nearly 1%.
• All sectors are within 10% of their 52-week highs.
• All sectors are currently above both their 50-day and 200-day moving averages.

— Jesse Pound, Christopher Hayes

When trading resumed at 6 p.m., futures prices for the S&P 500, Dow, and Nasdaq 100 were all within 0.1% of the flatline.

— Jesse Pound

Coinbase stock fell more than 2% in extended trading after the cryptocurrency exchange announced a $1 billion convertible note Recruitment.

Coinbase said in a release that it will use the proceeds to repay outstanding debt or for general corporate purposes.

Coinbase stock has soared this year as Bitcoin reached record highs. The company’s stock price has increased more than 40% since the beginning of the year.

— Jesse Pound