02:04 PM EDT, 08/27/2025 (MT Newswires) -- US benchmark equity indexes were higher intraday as traders awaited technology bellwether Nvidia's ( NVDA ) latest earnings.

The Dow Jones Industrial Average was up 0.3% at 45,544.5 after midday Wednesday, while the S&P 500 rose 0.2% to 6,478.7. The tech-heavy Nasdaq Composite advanced 0.1% to 21,574.1. Among sectors, energy paced the gainers with a 1.3% increase, while communication services led the decliners.

Chipmaking giant Nvidia ( NVDA ) is scheduled to report its latest quarterly financial results after the closing bell Wednesday, along with other major names such as CrowdStrike ( CRWD ) , Snowflake (SNOW), and HP (HPQ).

Earlier this week, Tigress Financial Intelligence said it expected Nvidia ( NVDA ) to report record quarterly results amid robust demand for data center processors and its Blackwell generative artificial intelligence system.

"The key will also be (Chief Executive Jensen Huang's) commentary on AI processor demand, which he continues to highlight as unprecedented with no letup in sight, and expectations of a significant increase in revenue and earnings growth guidance," Tigress said in a Monday client note.

Nvidia ( NVDA ) shares were little changed intraday Wednesday. The stock is up nearly 36% so far this year.

Nvidia ( NVDA ) carries the largest weight in the S&P 500, at about 8%, "so its guidance can sway broad portfolios," Saxo Bank Investment Strategist Ruben Dalfovo said in a report published Tuesday.

MongoDB ( MDB ) shares were up 35%. The database software maker late Tuesday lifted its full-year outlook on the back of stronger-than-expected fiscal second-quarter results.

Kohl's (KSS) raised its full-year earnings outlook on Wednesday as the department store chain recorded fiscal second-quarter results above market estimates. The company's shares surged 18% intraday.

J.M. Smucker (SJM) shares dropped 5.4%, the second-steepest drop on the S&P 500. The food producer's fiscal first-quarter results fell more than Wall Street's expectations year over year, though the company increased its full-year sales growth outlook mainly due to the strength of its coffee portfolio.

US Treasury yields were lower intraday, with the two-year rate falling 5.2 basis point to 3.63% and 10-year rate losing one basis point to 4.25%.

Federal Reserve Governor Lisa Cook should go on leave even as she intends to legally challenge US President Donald Trump's move to fire her, CNBC reported Wednesday, citing Kevin Hassett, Trump's top economic adviser.

Trump recently informed Cook in a publicly shared letter that he had determined "sufficient cause" to remove her from the Fed's board of governors. Trump said Cook may have made "false statements on one or more mortgage agreements."

West Texas Intermediate crude oil was up 1.1% at $63.93 a barrel intraday Wednesday.

The European Union is aiming to fast track legislation to scrap all tariffs on US industrial goods, Bloomberg News reported Wednesday, citing sources. The US and the EU finalized a trade framework last week.

Gold was up 0.5% at $3,449 per troy ounce, while silver added 0.3% to $38.71 per ounce.