US stocks moved lower on Wednesday, holding the sharp selling pressure from the four last sessions as markets continued to assess the Federal Reserve’s rate outlook ahead of Nvidia’s earnings after the closing bell. The Dow lost 100 points while the S&P 500 and the Nasdaq 100 were near the flatline. Nvidia was 2% higher as it is expected to deliver softer, albeit sharp, revenue growth. Its outlook on AI services and compute capacity will be closely eyed as markets grow further skeptical on whether soaring capital expenditure on datacenters will bring expected returns. Target dropped over 3% while Lowe’s and TJX Companies were both higher to mark a mixed session for retailers that posted earnings. Meanwhile, minutes from the FOMC’s last meeting confirmed division among members on whether to hold or cut next meeting. Still, the delay of the BLS’s jobs report to after this year’s final Fed decision may hide further cracks in the labor market, driving markets to increase bets of a hold.