U.S. stocks saw a mixed performance on Wednesday, with the S&P 500 slipping 0.2% as gains in Nvidia faded, weighing on the tech sector. Despite a significant drop in Treasury yields, driven by increasing speculation of a larger-than-expected Federal Reserve rate cut this month, the tech-heavy Nasdaq Composite dipped 0.3%, while the Dow Jones Industrial Average inched up 38 points, or 0.1%.
The cautious market sentiment follows Tuesday's sharp selloff, which was triggered by weaker-than-expected U.S. manufacturing data, raising concerns about the broader economic outlook as investors returned from the Labor Day break.
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