The week’s biggest news for Wall Street is likely arriving on Friday, when Federal Reserve Chair Jerome Powell will give a highly anticipated speech in Jackson Hole, Wyoming. The setting has been home to big policy announcements from the Fed in the past, and the hope on Wall Street is that Powell will hint that an interest rate cut is coming soon.

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

The S&P 500 dipped 0.4% and was on track for a fifth straight modest loss since setting an all-time high last week. The Dow Jones Industrial Average was down 195 points, or 0.4%, as of noon Eastern time, and the Nasdaq composite was 0.4% lower.

U.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the morning.

The S&P 500 fell 0.6% for a third straight loss , though it remains near its all-time high set last week. The Dow Jones Industrial Average added 10 points, or less than 0.1%, and the Nasdaq composite slumped 1.5%.

Reuters has this story this morning that India is preparing for a new, more powerful chip to sell to China. What is the likelihood that they get regulatory approval for this

Nvidia was blindsided earlier this year when the US government enacted tougher restrictions on selling artificial intelligence chips to China. The restriction prevented Nvidia from selling its H20 chip within the Middle Kingdom,