U.S. stock indices, including the S&P 500 and Nasdaq, declined on Wednesday as investors awaited key earnings from major tech companies, with the technology sector leading the drop. Nvidia, along with other “Magnificent Seven” firms like Microsoft, Apple, and Amazon, saw declines. Super Micro Computer (SMCI) shares fell sharply due to a delayed 10-K filing and allegations of accounting irregularities. J.M. Smucker (SJM) also reported disappointing sales and lowered its outlook, while Abercrombie & Fitch (ANF) experienced stock declines amid economic uncertainties. Conversely, Kohl’s (KSS) and Chewy (CHWY) reported strong profits, boosting their stock prices. Commodities like oil and gold futures dropped, and the U.S. dollar strengthened.