Investors are tracking talks aimed at ending the Russia-Ukraine war and awaiting Federal Reserve Chair Jerome Powell's speech at Jackson Hole at the end of the week.

Elsewhere, Intel (NASDAQ: INTC) stock rose 7% after the Japanese tech conglomerate Softbank (OTC: SFTBY) agreed to buy $2 billion worth of stock in the beleaguered chipmaker with the goal of building advanced chipmaking facilities in the United States.

All eyes on Powell's Jackson Hole speech this week. Discover key insights on interest rates, retail earnings, and market trends.

Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 3.5% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.

The Dow Jones Industrial Average rose 10.45 points, roughly flat, to 44,922.27, the S&P 500 lost 37.78 points, or 0.59%, to 6,411.37 and the Nasdaq Composite lost 314.82 points, or 1.46%, to 21,314.95.

President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) fell 8.8% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Subdued world markets eyed proposals for a Ukraine-Russia summit with caution, while updates on the shaky U.

Bank of America (BofA) is issuing a warning on US equities, saying that a correction in the stock market may be approaching next week.