Stocks seesawed Thursday, as traders tried to regain their footing following four straight losing sessions for the S&P 500.
The Dow Jones Industrials shed 89.5 points to pause for noon hour at 32,955.59.
The S&P 500 once again was pointed downward 5.21 points to 3,985.84.
The NASDAQ Composite dipped 27.31 points to 11,479.76. The major averages started the day on a high note, as a 13% rally in Nvidia boosted tech stocks.
Morgan Stanley upgraded Intel to equal weight from an underweight rating, saying that the stock's recent underperformance and dividend cut should mean limited downside is ahead.
SVB Securities upgraded Teladoc to outperform from market perform Thursday, saying its bear thesis has been “fully reflected” in the shares and that a forward arc looks “achievable.”
The moves came after the Federal Reserve released the minutes of its most recent meeting, which concluded Feb. 1, showing that members of the central bank are resolved to keep fighting inflation with rate hikes.
Prices for the 10-year Treasury eked up, lowering yields to 3.90% from Wednesday's 3.92%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.30 to $75.25 U.S. a barrel.
Gold prices decreased $14.50 to $1,833.10 U.S. an ounce.