Stocks traded volatile and energy prices rose for the second day in a row and after falling the most on Monday since June. 

Crude oil prices surged more than 3% and natural gas prices hovered near $10 level as divisions between Russia and European Union deepened. 

The U.S. Treasury yields also rose and traded near 3.0% mark for 10-year notes after new home sales plunged 12.6% in July. 

The S&P 500 index fell 0.2% to 4,124.97 and the Nasdaq Composite index dropped a fraction to 12,376.02. 

Futures of crude oil prices rose $3.56 to $93.94 a barrel and natural gas increased 25 cents to $9.94 a thermal unit. 

The yield on 10-year Treasury notes declined to 2.998% and two-year notes fell to 3.25%. 

In trading, stocks attempted a rebound in the morning but lacked enthusiasm ahead of the Fed comments. 

Dick's Sporting Goods Inc increased 1.9% to $112.51 after the sporting goods retailer said comparable store sales declined less than anticipated 5.1%, after rising 20.2% in the quarter a year ago. 

The retailer sales in the quarter fell 5% to $3.1 billion and net income plunged 35.7% to $318.5 million. 

Net income in the quarter declined 32.5% to $579.1 million from $857.3 million a year ago.

Inventories at the end of the quarter rose 49% to $2.99 billion from $2.0 billion a year ago. 

Dick's Sporting Goods lifted its comparable sales range for the full-year to a decline between 2% and 6% from the previous estimate of a fall between 2% and 8%. 

The company lifted full-year 2022 diluted earnings per share guidance to $8.85 to 10.55 from the previous estimate between $7.95 and 10.15. 

The retailer also revised higher full-year 2022 non-GAAP diluted earnings per share guidance to $10.00 to 12.00 from the previous estimate in the range of $9.15 and 11.70. 

Medtronic PLC declined 3.5% to $89.77 after the medical products maker said revenues in the fiscal year 2023 first quarter ending on July 29 declined 8% to $7.4 billion. 

Revenues were impacted by persistent supply chain disruptions. 

Net income in the quarter increased to $929 million or 70 cents a share from $763 million or 57 cents a share a year ago.  

Palo Alto Networks soared 10.9% to $563.90 after the cyber security company reported better-than-expected quarterly results.

The company also announced that the board has approved a 3-for-1 stock split. 

Zoom Video Communications plunged 14.4% to $83.38 after the company reported stronger-than-expected quarterly earnings but lowered its annual revenues estimate. 

Zoom said fiscal second quarter 2023 revenues increased 8% to $1.099 billion and enterprise sales rose 27% to $599 million. 

Net income in the second quarter was $45.7 million or $0.15 a share, compared to $316.9 million or $1.04 a share a year ago. 

The number of customers contributing to at least $100,000 revenues increased 37% to 3,116 from 2,278. 

The video communication company guided fiscal third quarter 2023  revenues to fall between $1.095 billion and $1.11 billion and for the full-year in the range of $4.385 billion and $4.395 billion. 

The company had earlier guided fiscal full-year 2023 revenues to fall between $4.53 billion and $4.55 billion.