Wall Street today: US stocks subdued ahead of chip giant Nvidia earnings | Stock Market News

US stocks were subdued on Wednesday amid escalating geopolitical tensions between Russia and Ukraine, and as investors awaited chip giant Nvidia’s quarterly results.

At the opening bell, the Dow Jones Industrial Average rose 27.1 points, or 0.06 per cent, to 43,296.05. The S&P 500 fell 2.6 points, or 0.04 per cent, to 5,914.34, while the Nasdaq Composite dropped 16.2 points, or 0.09 per cent, to 18,971.311.

Bullion

Gold prices eased on Wednesday as the US dollar strengthened.

Spot gold was down 0.2 per cent at $2,627.60 per ounce as of 1238 GMT. US gold futures were steady at $2,631.30.

Spot silver fell 1 per cent to $30.89 an ounce.

Crude oil

Oil prices edged higher on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia outweighed data showing rising US crude stocks.

Brent crude futures for January were up 49 cents, or 0.7 per cent, to $73.80 a barrel at 1313 GMT. US West Texas Intermediate crude futures for December, due to expire on Wednesday, were up 71 cents, or 1 per cent, to $70.10, while the more active WTI contract for January was up 56 cents, or 0.8 per cent, at $69.80.