Wed Nov 20 21:15:29 UTC 2024: ## Wall Street Awaits Nvidia’s Earnings as Market Shows Mixed Signals

**New York, NY** – Wall Street experienced a mixed day of trading Wednesday, with investors anxiously awaiting Nvidia’s (NVDA) quarterly earnings report, slated for release after the closing bell. The S&P 500 and Nasdaq Composite dipped slightly, while the Dow Jones Industrial Average saw modest gains. This follows two days of gains for the S&P 500 and Nasdaq, partially recouping losses from a post-election rally that quickly faded.

Nvidia, a darling of the AI sector, is expected to deliver another strong performance, but its shares fell slightly ahead of the announcement. Other tech giants showed mixed results; Microsoft (MSFT), Tesla (TSLA), Amazon (AMZN), and Alphabet (GOOGL) declined, while Apple (AAPL) and Meta Platforms (META) edged up.

Target (TGT) experienced a significant drop (22%) following disappointing quarterly results, falling short of Wall Street’s expectations. Conversely, TJX Companies (TJX) and Comcast (CMCSA) saw gains. Comcast’s share price rose after announcing plans to spin off its NBCUniversal cable channels, including CNBC and MSNBC, into a separate publicly traded company.

The cryptocurrency market continued its bullish trend, with Bitcoin (BTCUSD) reaching a new record high of nearly $95,000, boosting the price of MicroStrategy (MSTR) shares by 15% due to its substantial Bitcoin holdings. Gold futures also rose, while oil futures dipped slightly. The yield on 10-year Treasuries increased.

Meanwhile, Williams-Sonoma (WSM) soared to a record high after exceeding quarterly expectations and raising its full-year guidance, defying a challenging retail environment. Walmart (WMT) also reached a new record high on Tuesday following strong earnings, though analysts noted potential signs of buying exhaustion. Analysts overwhelmingly favor Nvidia’s stock before the earnings release, with most projecting significant revenue growth.

Read More