India, May 28 -- After moving to the upside early in the session, stocks have given back ground over the course of the trading day on Wednesday. The major averages have pulled back off their highs of the session and into negative territory.

Currently, the major averages are posting modest losses. The Dow is down 41.27 points or 0.1 percent at 42,302.38, the Nasdaq is down 30.16 points or 0.2 percent at 19,169.00 and the S&P 500 is down 9.07 points or 0.2 percent at 5,912.47.

The choppy trading on Wall Street comes as traders seem reluctant to make significant moves ahead of the release of earnings news from AI darling and market leader Nvidia (NVDA).

Nvidia, which is scheduled to release its fiscal first quarter results after the close o...