(Bloomberg) -- Wall Street traders sent stocks wavering in late hours after Nvidia Corp.’s earnings, with caution prevailing as bonds fell on bets the Federal Reserve will raise rates this year.

Investors turned cautious ahead of Nvidia's earnings and a closely watched inflation report. Both are due later this week.

NEW YORK: Options traders are pricing in a US$280 billion swing in Nvidia's market value after the company reports second-quarter earnings on Wednesday afternoon (Aug 24), as…