Major Indexes Close Lower Ahead of Nvidia Earnings

Stocks finished a choppy session lower on Wednesday as investors digested July inflation data. The Dow snapped its three-day winning streak with a triple-digit loss, while the S&P 500 and Nasdaq closed quietly in the red as well. The latest PCE data showed inflation remained elevated in July, with headline prices rising 3.7% year over year, slightly more than anticipated, while the 3.3% annual core reading matched estimates.

Attention now turns to Nvidia's (NVDA) highly anticipated earnings report after the close, while investors are also looking ahead to Fed Chair Kevin Warsh's Jackson Hole symposium speech on Friday. Meanwhile, Iran's Revolutionary Guard said Tehran and Oman reached a revenue-sharing agreement regarding the Strait of Hormuz.

Continue reading for more on today's market, including: 

5 Things to Know Today

1. Heightened midterm voting restrictions could be inevitable, after a federal judge lifted a block order ahead of November's election season. (CNBC)
2. Last call to help us with our Schaeffer's experience survey!
3. Disappointing profit outlook dragged Zoom stock.
4. Why did investors care so much about today's PCE price index reading?
5. Overdue bull note sent this solar stock surging today.

Oil Prices Steady Amid Tehran Talks

Crude prices remained mostly unchanged, as investors monitored progress between Oman and Tehran. September-dated West Texas Intermediate (WTI) oil slid 13 cents to settle at $82.23 per barrel.

Gold futures continued their journey lower, after inflation data came in supporting bets for a September rate hike. December-dated gold fell 0.9% to settle near $4,653.30.