((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
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The S&P 500 ends mixed; the Nasdaq is down; the Dow Jones is slightly in the green
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Nvidia results expected soon
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Rise in the dollar and gold; rise in bitcoin >2%; drop in crude
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10-year US Treasury yield rises to ~4.42%
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US STOCKS FLICKER UNDER THREAT FROM NVIDIA
Stocks on Wall Street finished mixed on Wednesday, with the major indexes limiting their losses in the last half hour of trading.
The minutes and seconds tick by until Nvidia NVDA.O's quarterly report, which analysts expect to show an 85.7% year-over-year rise in quarterly adjusted earnings per share and growth of annual turnover of 83.0%, a very high bar for the darling of the artificial intelligence boom.
Investors will scan the chipmaker's results and forecasts for clues about the path ahead for the nascent technology, which has driven much of the stock market's gains for about two years.
Regardless, Nvidia options are pointing to an 8.5% change in stock price on Thursday, according to options analytics service ORATS, which is comparable to the average change of 8.5%. 3% of the share price the day after the results over the last 12 quarters.
Consumer discretionary stocks .SPLRCD and chips .SOX underperformed the broader market.
Risk appetite has faded in part due to tensions between Russia and Ukraine (), which escalated after Ukraine fired a salvo of British-made missiles at Russia, the day after she did the same with weapons made in the United States.
Sentiment was also dampened by Target TGT.N's disappointing sales and profit estimates for the holiday quarter, which sent the discount retailer's shares down 21.4%.
Here is the closing snapshot:
(Stephen Culp, Saqib Ahmed)
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FOR WEDNESDAY LIVE MARKETS POSTS:
THE MAG 7 WILL SURPERFORM IN 2025 “BUT TO A LESS EXTENT” – KOSTIN – CLICK HERE
MICROSTRATEGY REACHES A MARKET CAPITALIZATION OF $100 BILLION, INVESTORS NO LONGER WORRY ABOUT ITS ACHILLES HEEL – CLICK HERE
WFII RAISES S&P 500 TARGET FOR END OF 2025 DUE TO STRONGER GROWTH FORECASTS – CLICK HERE
REAL ESTATE INTRIGUE THICKENS: MORTGAGE RATES ARE RISING, BUT APPLICATIONS ARE INCREASING – CLICK HERE
GOLDMAN SACHS EXPECTS CONTINUED MONETARY POLICY EASING AROUND THE WORLD NEXT YEAR – CLICK HERE
THE MARKET IS WAITING FOR NVIDIA, BUT FOR NOW IT HAS A TARGET ON ITS BACK – CLICK HERE
WILL NVIDIA HELP TURN THE SLIDE? – CLICK HERE
UK WATCH: RISING INFLATION REDUCES HOPES FOR BOE CUT – CLICK HERE
RISING BOND YIELDS NOT A PROBLEM FOR STOCKS – UBS – CLICK HERE
TECH STOCKS LIFT THE STOXX AS REAL ESTATE LAGS – CLICK HERE
UK INFLATION EXPECTED TO DOMINATE BEFORE NVIDIA – CLICK HERE
FTSE FUTURES LAG AFTER INFLATION RISE – CLICK HERE
