Wall Street edges higher as the market awaits Nvidia's quarterly report

U.S. stocks edged higher in morning trading Wednesday ahead of a highly anticipated earnings update from computer chip giant Nvidia that may provide insights into the current state and future of artificial intelligence.

The S&P 500 was up 0.2%. The benchmark index remains near its record high set earlier this month. The Dow Jones Industrial Average rose 134 points, or 0.3%, as of 11:09 a.m. Eastern time. The Nasdaq composite rose 0.1%.