02:19 PM EST, 02/26/2025 (MT Newswires) -- US benchmark stock indexes traded mixed in afternoon trade Wednesday ahead of Nvidia's ( NVDA ) earnings, while investors digested latest housing market data.

The Nasdaq Composite edged 0.1% higher to 19,037, while the S&P 500 fell 0.2% to 5,945.1. The Dow Jones Industrial Average fell 0.6% to 43,368.1. Technology led the gainers among sectors, while consumer staples led the decliners.

Nvidia ( NVDA ) will report fourth-quarter results after the bell, with analysts surveyed by FactSet modeling for revenue to increase year over year to $38.1 billion and adjusted earnings per share to advance to $0.85. Shares of the chipmaker rose 2.5% intraday, leading the Dow gainers.

The so-called Magnificent-7 stocks -- of which Nvidia ( NVDA ) is one -- is in technical correction territory, having shed more than 10% since their peak in December, according to a note from Deutsche Bank. "So that's heightening the focus on Nvidia's ( NVDA ) earnings," it said.

Salesforce ( CRM ) will also report earnings after the market closes.

Shares of home improvement retailer Lowe's (LOW) climbed 2.7% intraday following a stronger-than-expected fourth-quarter results.

Super Micro Computer ( SMCI ) surged 13% in afternoon trade, the second-best performer on the S&P 500, after the company said it regained compliance with the Nasdaq's filing requirements. Axon Enterprise ( AXON ) led the index gainers following a stronger-than-expected fourth-quarter earnings report after the bell on Tuesday.

Anheuser-Busch Inbev ( BUD ) rallied 8.2% intraday Wednesday after the brewer reported surprise increases in fourth-quarter results despite volume weakness.

US Treasury yields were mixed intraday. The two-year yield was down 1.4 basis points at 4.08% and the 10-year yield fell 4.4 basis points to 4.25%.

In economic news, US new-home sales tumbled 10.5% on a monthly basis to a seasonally adjusted annual rate of 657,000 units, according to the Census Bureau and the Department of Housing and Urban Development. Analysts expected sales to come in at the 680,000 level, which would have reflected a 2.6% decline from December's unrevised reading.

"Risks to new-home sales and residential investment more broadly are weighted to the downside this year because of high mortgage rates, potential for tariffs on imported building materials from Canada and Mexico along with potential labor supply issues stemming from the Trump administration's immigration policies," Ryan Sweet, chief US economist at Oxford Economics, said in emailed remarks.

Mortgage applications declined for the second consecutive week as refinancing activity weakened, even though the 30-year interest rate for conforming loan balances decreased to its lowest level since the middle of December, the Mortgage Bankers Association said Wednesday.

West Texas Intermediate crude oil futures slid 0.5% to $68.56 a barrel.

Gold futures rose 0.4% to $2,929.4 per troy ounce, while silver jumped 1.3% to $32.53 per troy ounce.