Wall Street slips on Nvidia wait and US data; Dow falls 0.21%

New York stock exchanges closed lower on Wednesday, with the Dow Jones falling 0.21% to 53,464.59 points, the S&P 500 down 0.02% to 7,675.80, and the Nasdaq losing 0.08% to 26,130.20. The declines came as investors reacted to U.S. economic data and awaited Nvidia's earnings after the market close. Nvidia shares fell 1.59%, marking their eighth drop in nine sessions, with Bank of America Securities noting strong results may already be priced in. In other moves, Abercrombie & Fitch surged 36% on strong results, while Meta rose 1.07% after a $18 billion settlement with 48 states. Markets expect the Federal Reserve to hold rates in September.