NFI:CC - Dow Rises S&P NASDAQ Backtrack

Stocks rose slightly Wednesday after the S&P 500 notched its highest closing level of 2023.

The Dow Jones Industrials acquired 51.67 points to kick off Wednesday at 33,624.95,

The much-broader S&P 500 backpedaled 3.08 points to 4,280.77.

The tech-heavy NASDAQ index dropped 24.56 points to 13,251.86.

The tail-end of earnings season pressed on with results from Dave & Buster's and Stitch Fix. Dave & Buster's gained 25%, while Stitch Fix added more than 32%.

The U.S. trade deficit continued to increase in April, but came in slightly below economists' expectations. The deficit could translate into lower GDP growth for the second quarter.

Prices for the 10-year Treasury sagged, raising yields to 3.76% from Tuesday's 3.68%. Treasury prices and yields move in opposite directions.

Oil prices recovered $1.08 to $72.82 U.S. a barrel.

Gold prices handed over $4.20 to $1,977.30 U.S. an ounce.