Stocks were little changed on Wednesday as Wall Street digested House Speaker Nancy Pelosi saying she will launch a formal impeachment inquiry on President Donald Trump.
The Dow Jones Industrials gained 17.78 points to 26,825.55
The S&P 500 dropped 5.68 points to 2,960.92,
The NASDAQ Composite slumped 118.83 points, or 1.5%, to 7,993.63
Nike shares were among the biggest contributors to the Dow's slight gains. The shoe maker's stock jumped 5% on better-than-expected quarterly results. CEO Mark Parker said a stronger e-commerce business and products such as the new Joyride running shoe lifted the Nike's results.
Pelosi's announcement follows a call in which Trump allegedly pressured Ukrainian President Volodymyr Zelensky to investigate former Vice President Joe Biden's family. Trump has admitted to bringing up Biden on the call — tweeting he will release a transcript of it — but denies pressuring Zelensky.
The call is believed to be part of an intelligence community whistleblower complaint Democrats have asked the administration to release. They say the complaint would hold details not available in the call's transcript.
Prices for the benchmark 10-year U.S. Treasury were unchanged, keeping yields at Tuesday's 1.66%.
Oil prices sank $1.53 to $55.76 U.S. a barrel.
Gold prices lost $4.10 to $1,536.10 U.S. an ounce.