Shares close mixed, Nvidia's 3% rise offsets debt ceiling jitters

The Dow fell 50.56 points, or 0.15%, to 33,042.78, the S&P 500 gained 0.07 points, or 0.00%, to 4,205.52 and the Nasdaq added 41.74 points, or 0.32%, to 13,017.43. — Reuters

BENGALURU: Stocks on Wall Street closed mixed on Tuesday, pressured by worries about US lawmakers opposed to a deal to raise the US$31.4 trillion debt ceiling, but supported by another surge in Nvidia shares that briefly lifted the chipmaker into the rare club of companies valued at US$1 trillion.

The S&P 500 index closed essentially flat but remained near its highest level since August 2022, just above 4,200 points. The Dow Jones Industrial Average also was lower while the Nasdaq Composite rose. The S&P 500 and the Nasdaq were still set for monthly gains in May.