Wall Street braced for results from retail giants as rising concerns over inflation cloud the path to an interest rate cut.

The S&P 500 slipped 0.4% and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average was up 8 points, or less than 0.1%, as of 11:50 a.m. Eastern time, and the Nasdaq composite was down 1%.

The heaviest weight on the market was Nvidia, whose chips are powering much of the move into AI. It sank 3.5%.

The one reason Wall Street has been obsessed with TSMC's stock, which has more than doubled the S&P 500 index's returns this year (through Aug. 15), is because of the stronghold it has on producing artificial intelligence (AI)-related chips.

International Flavors & Fragrances Inc. (IFF), headquartered in New York, produces and markets cosmetic active and natural health ingredients for use in various consumer products. Valued at $16.7 billion by market cap,

Home Depot's Q2 earnings fell slightly short of Wall Street's target, but the company announced some news that has potentially huge implications.

Venture investor Chamath Palihapitiya, dubbed Wall Street's "SPAC king" for his high-profile blank-check deals, is set to take his latest special purpose acquisition vehicle public, marking his return to the market after several years.

Wall Street braced for results from retail giants as rising concerns over inflation cloud the path to an interest rate cut.

Penny stock selloffs fuel concerns over pump-and-dump scams. Google agrees to $36 million fine over anti-competitive deals with Australian telcos. Air Canada cabin crew defy back-to-work.