The S&P 500 index closed little changed on Wednesday as investors were focused on waiting for Nvidia's quarterly report. After the close of trading, Nvidia shares were up 2% in a volatile environment.

Recent economic data, including a weak report on consumer consumer sentiment report released on Tuesday points to a possible slowdown in the U.S. U.S. economy despite persistently high inflation. This is adding to uncertainty in the markets. From a technical point of view, the key indices of the U.S. stock market are in a in the zone of local support. If the decline continues, the broad market index market S&P500 may meet support in the range of 5800-5900.