The Dow Jones Industrial Average fell 0.7% at noon Wednesday as investors await a key inflation report on Thursday.
The S&P 500 fell as well and was lower by 0.8% at the hour.
The Nasdaq lagged, falling over 1% at 12 p.m. ET.
Volume was lower on the NYSE and higher on the Nasdaq vs. the same time Tuesday.
The small-cap Russell 2000 fell 0.9%, while the Innovator IBD 50 ETF lagged, falling 2% at the hour.
Crude oil rose more than 1% to trade at $84.31 a barrel.
The yield on the benchmark 10-year Treasury note fell 2 basis point to 4%.
July's CPI report is due Thursday at 8:30 a.m. ET. Inflation is expected to rise 0.2%, after June's 0.2% increase, according to Econoday.
Dow Jones Stocks
Disney is trying to clear its 50-day moving average ahead of earnings, which come after the closing bell. The level has been an area of resistance for the stock since March. Shares rose in early trading but reversed 1% lower at noon.
Caterpillar rose, rebounding off the 10-day moving average and approaching the new high it set last week.
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Stocks Moving Today
Super Micro Computer plunged on a lower outlook after a strong quarter. Shares are at risk of losing the 50-day line of support amid heavy volume.
Axon gapped up above its 50-day line on a higher outlook for the full-year after reporting strong Q2 results.
Array Technologies also gapped up above its 50-day line after a strong quarter, while Uber rival Lyft fell after second-quarter results in the stock market today
Roblox dived after its second-quarter results. Among gaming stocks, Penn Entertainment soared after a news report Tuesday that ESPN will partner with the gaming company for a gambling sportsbook. Disney is a significant investor in ESPN. Penn rival DraftKings fell.
Among EV stocks, Rivian fell, though the company ramped up its production outlook after second-quarter earnings on Tuesday.
Twilio rose after a strong quarter and raised guidance. The top ARK Invest holding is a software enterprise play and is trying to retake its 50-day line.
Akamai Technologies gapped up after second-quarter results and after credit rating agencies gave the company an investment-grade rating.
Outside the Dow Jones, Chegg reversed and fell after a price upgrade from BMO Capital to 12 from 10. Shares rose above their 50-day line on Tuesday after earnings.
Shares of Eli Lilly rose after an upgrade from Jefferies to buy from hold with a price target of 615, up from 430.
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