US stocks were mixed on Wednesday following losses this week as markets assessed how economic activity will fare against tighter financial conditions. The S&P 500 was flat, balancing compositions of the 0.4% rise from the Dow and 0.5% drop from the Nasdaq 100. The US and Iran exchanged strikes against each other and reports of hits on tankers near the Strait of Hormuz maintained risks on global energy supply. The inflationary impact of the war and a consequent rate hike by the Federal Reserve were magnified by soaring public deficits and higher corporate debt issuance, lifting sovereign yields across the curve. The tech sector remained under pressure with Marvell, Palantir, and Seagate, dropping more than 2%. Also, Palo Alto Networks fell 7% despite beating earnings estimates, trimming its surge this year. On the other hand, Dell soared 10% after beating its earnings and raising its revenue guidance. Meanwhile, Nvidia added 1% on advanced talks to acquire Hugging Face for $14 billion.