Stock Market Overview
Thu, Nov 21st, 2024
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Stocks Settle Mixed Ahead of Nvidia’s Earnings
Barchart - Wed Nov 20, 3:31PM CST
The S&P 500 Index ($SPX) (SPY) Wednesday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.08%.
Stocks on Wednesday settled mixed ahead of quarterly earnings results from Nvidia after the close.  Target closed down more than -21% to lead retailers lower after cutting its full-year outlook due to flat sales and an inventory buildup. Also, technology stocks were under pressure on Wednesday from weakness in chip stocks.Â
On the positive side, health insurance stocks rallied Wednesday after RBC Capital Markets said the nomination of Mehmet Oz to lead the Centers for Medicare and Medicaid Services is positive for the sector. Also, geopolitical tensions in Europe ratcheted lower Wednesday after Reuters reported that Russian President Putin is willing to talk with US President-elect Trump about a cease-fire deal in Ukraine that could roughly freeze the war along current front lines.
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