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Stock market today: Nasdaq, Dow, S&P 500 waver with divided Fed, Alibaba in focus

US stocks were mixed on Wednesday, as Wall Street digested mixed messaging from Fed officials on US interest rates and Alibaba's (BABA) spending plans lifted hopes for the AI trade. The tech-heavy Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) surrendered earlier gains to trade roughly flat, while the Dow Jones Industrial Average (^DJI) moved up 0.1%. Debate over the prospects for US interest rate cuts — the big focus for markets right now — appeared to keep a lid on gains. Comments from Federal Reser ...