Stock market today: Wall Street declines as markets await Nvidia's latest earnings report

Stocks fell broadly on Wall Street ahead of an eagerly anticipated earnings report from the semiconductor company Nvidia, whose chips power AI applications. The S&P 500 fell 1% and the Dow Jones Industrial Average fell 0.9% in afternoon trading Wednesday. The Dow is coming off two consecutive all-time highs. The Nasdaq fell 1.6%. Nordstrom rose 2.9% after the department store chain easily surpassed Wall Street’s profit expectations. Nvidia reports its latest results after the closing bell. Its revenue is expected to have surged to $28.74 billion, more than double the same period a year ago.