Stocks were little changed Wednesday as investors awaited more guidance from Federal Reserve Chairman Jerome Powell on the central bank's fight against inflation.
The Dow Jones Industrials recovered 30.69 points to begin Wednesday at 32,940.28.
The S&P 500 moved forward 9.05 points to 4,137.78.
The NASDAQ Composite surged 50.1 points to 12,431.40.
Intuit was the best-performing stock in the S&P 500, up 5.6%, following a strong earnings report. Advanced Auto Parts was the worst-performing stock, down 9.6%, after missing earnings expectations and lowering its full-year guidance.
Peloton Interactive shares jumped 8% in premarket trading after the exercise equipment maker struck a deal to sell its products on Amazon.
Peloton is looking to broaden its customer base as it deals with a loss of investor confidence. Shares of Peloton are down roughly 70% this year, and about 90% off its 52-week high.
The three-day Jackson Hole economic symposium starts Thursday with Powell slated to speak Friday morning. Fed watchers expect him to reinforce the central bank's goal of squashing inflation and keeping expectations about future price gains in check.
Treasury prices lost ground, lifting yields to 3.10% from Tuesday's 3.06%. Treasury prices and yields move in opposite direction.
Oil prices inched up 50 cents to $94.24 U.S. a barrel.
Gold prices slid one dollar to $1,760.20 U.S. an ounce.