Mumbai, May 12 -- The Nasdaq crept up 0.78 points or less than a tenth of a percent to 17,928.92, the S&P 500 edged down 4.03 points (0.1%) to 5,659.91 and the Dow dipped 119.07 points (0.3%) to 41,249.38.

Wall Street rose on hopes of a U.S.-China trade deal as Treasury Secretary Bessent heads to talks, with reports suggesting tariffs may drop below 60% from 145%. However, Trump's post backing an 80% China tariff and cautious trader sentiment, despite a U.S.-U.K. deal framework, tempered optimism.

Lyft (LYFT) shares skyrocketed after the ride-sharing company reported a first quarter profit compared to a year-ago loss and boosted its share buyback plan to $750 million. Trade Desk (TTD) also spiked after the digital marketing company repo...