Wall Street struggled for direction and benchmark Treasury yields slid on Wednesday as disappointing earnings and mixed economic data counterbalanced easing jitters of a spreading global trade war. The S&P 500 joined the tech-heavy Nasdaq in negative territory in the wake of disappointing earnings from Alphabet fueled doubts about the payoff of investment in artificial intelligence. European stocks reversed an early selloff and were last higher, powered in part by healthcare stocks as Novo Nordisk's blockbuster drug Wegovy sales more than doubled in the fourth quarter. U.S. Treasury yields dropped to their lowest level since mid-December in the wake of the disappointing services data, as investors continue to grapple with uncertainties arising from tariff skirmishes. Gold resumed its rally as trade war jitters continue to attract investors to the safe-haven metal, sending it to fresh record highs.