03:53 PM EDT, 08/28/2024 (MT Newswires) -- US benchmark equity indexes were lower ahead of Wednesday's close as investors assessed the latest corporate results and awaited Nvidia's ( NVDA ) earnings.

The Nasdaq Composite was down 0.9% at 17,599.9, while the S&P 500 fell 0.5% to 5,599.7. The Dow Jones Industrial Average lost 0.4% to 41,100.6. Among sectors, technology saw the steepest decline, while financials led the gainers.

Abercrombie & Fitch ( ANF ) , Bath & Body Works ( BBWI ) , Kohl's (KSS), and J.M. Smucker (SJM) were among the companies to report their latest quarterly financial results.

Nvidia ( NVDA ) is scheduled to post results after the closing bell, along with other names such as Salesforce ( CRM ) , CrowdStrike ( CRWD ) , and HP (HPQ).

The US 10-year yield rose 1.1 basis points to 3.84%, while the two-year rate added less than one basis point to 3.87%.

West Texas Intermediate crude oil fell 1.1% to $74.73 a barrel.