Stock market today: S&P 500, Nasdaq turn lower as wholesale inflation rises, Nvidia stock falls

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US stocks edged higher on Friday as a bumpy week didn't prevent the major averages from pacing for weekly gains. The Dow Jones Industrial Average (^DJI) rose 0.4%, while the S&P 500 (^GSPC) traded near the flat line. The tech-heavy Nasdaq Composite (^IXIC) declined 0.1%. While stocks slipped on Thursday, they have largely held firm against a series of tremors from Nvidia (NVDA) CEO Jensen Huang stepping down to rising oil prices and a sell-off in government bonds. Nvidia stock recovered on Friday as the fallout from Huang's affairs continued to unfold, raising the stakes for the company's third quarter earnings next Tuesday.