US Stock Market LIVE: Dow Jones drops 140 points ahead of FOMC, Nvidia; Gold rebounds

US Stock Market LIVE: US stocks are drifting on Wednesday (May 28), a day after leaping back within a few good days’ worth of gains from their all-time high. The S&P 500 was down 0.3% in midday trading after flipping from an early, modest gain. It’s still within 4% of its record after charging higher amid hopes that the worst of the turmoil caused by President Donald Trump’s trade war may have passed. It had been roughly 20% below the mark last month. The Dow Jones Industrial Average was down 123 points, or 0.3%, as of 11:11 a.m. Eastern time, and the Nasdaq composite was 0.2% lower.

US Stock Market LIVE: US stocks are drifting on Wednesday (May 28), a day after leaping back within a few good days’ worth of gains from their all-time high. The S&P 500 was down 0.3% in midday trading after flipping from an early, modest gain. It’s still within 4% of its record after charging higher amid hopes that the worst of the turmoil caused by President Donald Trump’s trade war may have passed. It had been roughly 20% below the mark last month. The Dow Jones Industrial Average was down 123 points, or 0.3%, as of 11:11 a.m. Eastern time, and the Nasdaq composite was 0.2% lower.