US stocks wavered near record highs on Tuesday as traders awaited Nvidia Corp.’s earnings report for insights into whether the artificial intelligence enthusiasm fuelling the bull market has further potential. AI hardware and chip companies have led the bounce in the Nasdaq 100 from its August low, with Nvidia up about 30%.
S&P 500 and Nasdaq 100 rose 0.06% and 0.28%, respectively, as of 12:36 p.m. Dow Jones Industrial Average was down 0.26%.
Brent crude was trading 2% lower at $79.80 a barrel. Gold fell 0.18% to $2,513.52 an ounce.
The Indian benchmark stock indices ended a lackluster session on Tuesday with little change as gains in Infosys Ltd., and Larsen & Toubro Ltd. supported the indices, while losses in Reliance Industries Ltd. and Hindustan Unilever Ltd. weighed on the indices.
The NSE Nifty 50 ended 7.15 points or 0.03% higher at 25,017.75, and the S&P BSE Sensex closed 13.65 points or 0.02% up at 81,711.76.
Overseas investors stayed net buyers of Indian equities on Tuesday for the fourth consecutive session. Foreign portfolio investors bought stocks worth Rs 1,503.8 crore, while domestic investors turned net sellers after remaining buyers for 16 sessions and offloaded equities worth Rs 604.1 crore, according to provisional data from the National Stock Exchange.
The Indian currency depreciated 2 paise to close at 83.92 against the US dollar.
