Major U.S. stock indexes saw modest declines on Wednesday, with trading volumes remaining light as investors looked ahead to the upcoming earnings report from technology giant Nvidia.

The anticipation surrounding Nvidia's financial results cast a shadow over market sentiment, contributing to the downward pressure on the broader market. Investors are preparing for the possibility that the results may not meet elevated expectations, a factor that could influence broader market movements.

The dip occurred during a trading session characterized by lower-than-average participation, suggesting a cautious approach from market participants ahead of significant corporate disclosures.