Stocks Waver as Caution Builds in Run-Up to Nvidia: Markets Wrap

Stocks steadied after a bruising run of losses, with traders refraining from taking big bets ahead of Nvidia Corp’s earnings later Wednesday in what will be a pivotal test for the big tech fueled rally.

The S&P 500 was poised to pause its longest losing streak since August after sliding to a one-month low. The moves in European and Asian equity markets were also more muted. Bitcoin traded below $92,000. Treasuries held after several days of haven-driven gains. The dollar was little changed.

The US benchmark has lost more than 3% this month as the tech giants that powered much ...