US stocks end mixed; traders look to Nvidia report

Market Overview - The market partially recovered after an early session selloff that affected all three major Wall Street indexes, which were down more than 1% [1] - The S&P 500 lost 2.70 points (0.05%) to end at 6,734.42 points, while the Nasdaq Composite gained 29.17 points (0.13%) to 22,899.53, and the Dow Jones Industrial Average fell 308.29 points (0.65%) to 47,148.93 [10] Federal Reserve and Interest Rates - Expectations for a Federal Reserve rate cut in December have diminished due to persistent inflation, with the probability of a 25-basis-point cut falling to under 50% from 67% last week [2] - Kansas City Fed President Jeffrey Schmid expressed concerns about "too hot" inflation, indicating potential dissent at the Fed's December meeting if short-term borrowing costs are cut [5] Artificial Intelligence Sector - Nvidia, a key player in the AI chip market, is set to report quarterly results, with investors looking for signs that the competition in emerging technology remains strong [6] - Heavyweight AI stocks, including Nvidia, Palantir, Microsoft, and Tesla, saw gains despite broader market concerns [1] Corporate Developments - Warner Bros Discovery's stock increased after the company amended CEO David Zaslav's employment agreement amid a strategic business review [10] - Cidara Therapeutics shares doubled following Merck's announcement of its acquisition of the company in a deal valued at nearly $9.2 billion [9]