NEW YORK (AP) — Stock prices on Wall Street fluctuated Tuesday, with the Dow Jones Industrial Average oscillating around the record it hit a day earlier.

The S&P 500 rose less than 0.1 percent in afternoon trading. The Dow Jones Industrial Average fell 64 points, or 0.2 percent. The Nasdaq was largely unchanged as of 12:23 p.m. Eastern time.

Semiconductor manufacturer Nvidia, whose market value is over $3 trillion, presented its latest financial results on Wednesday. The share price rose by 1.1 percent. The Wall Street mania surrounding artificial intelligence has contributed to the stock rising by 158 percent this year.

Shares in the parent company of the film studio Paramount fell 5.4 percent after Edgar Bronfman Jr., the former head of the Warner Music Group, withdrew his offer for the company, paving the way for its takeover by the media company Skydance.

US Treasury yields remained stable in the bond market, with the 10-year US Treasury yield rising to 3.84% from 3.82% late Monday.

The Conference Board, an economic research group, said Tuesday that its consumer confidence index rose to 103.3 in August from 101.9 in July. The results were better than economists expected and could help bolster sentiment that consumers remain resilient despite inflationary pressures.

Consumer spending accounts for almost 70 percent of U.S. economic activity. Like the labor market, this sector is a strong economic sector.

Best Buy and Dollar General will release their latest earnings on Thursday, which could give investors more insight into where and how much consumers are spending.

The most important economic report for investors this week comes on Friday, when the government releases its latest inflation data for July with the Personal Consumption and Expenditure Report (PCE), the preferred inflation measure of the Federal Reserve, which has signaled that long-awaited interest rate cuts are imminent.

Inflation has been falling steadily over the past two years after the central bank raised its benchmark interest rate to its highest level in two decades. The economy has weathered both inflation and higher borrowing rates, bringing the Fed closer to its goal of curbing inflation without pushing the economy into recession.

Traders expect the Fed to begin cutting interest rates at its next meeting in September, with the goal of cutting rates by as much as 1% by the end of the year.

European markets mostly rose, and Asian markets recorded mixed performance.

AP business writers Zimo Zhong and Matt Ott contributed.

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