It is a choppy session with all major indices failing to hold onto gains as the Street awaits Nvidia’s (NVDA) quarterly report tomorrow.

The equal-weighted S&P 500 (RSP) is taking a breather today after hitting an all-time high yesterday. The index has outperformed the Magnificent 7 index over the past week, but all this could change tomorrow.

Only four sectors are in the green, led by Financials (XLF) and Technology (XLK), while Energy (XLE) is the worst performer as oil prices slide.

The Consumer Confidence Index rose in August to 103.3, from 101.9 in July and well above the consensus of 100.7. The rise can also be seen in the Present Situation Index Rose to 134.4 in August from 133.1 in July, as well as the Expectations Index which rose to 82.5 in August from 81.1 in July. 

The S&P CoreLogic Case-Shiller Hoime Price Index rose 5.4% year-over-year in June above expectations of a 5.3% increase but slowing from an upwardly revised May year over year change of 5.9%.

Volume is below average this afternoon, with more decliners than advancers in both the NYSE and Nasdaq.