Thu Nov 21 01:49:39 UTC 2024: ## US Stocks Dip Amid Geopolitical Tensions and Nvidia Anticipation

**NEW YORK** – US stocks experienced a mixed performance Wednesday, with the major indices showing a decline despite an initial positive opening. Rising geopolitical tensions between Russia and Ukraine, coupled with investor anticipation surrounding Nvidia’s upcoming quarterly earnings report, contributed to market uncertainty.

While the Dow Jones Industrial Average ultimately saw a slight gain of 1.09 points, closing at 43,270.03, the S&P 500 fell 0.35 percent to 5,896.19, and the Nasdaq Composite dropped 0.50 percent to 18,892.57. Nvidia’s stock itself experienced a 1.2 percent decline ahead of its earnings release. Other tech giants also saw losses, with Tesla and Amazon falling 1.3 percent and 1.4 percent, respectively.

The retail sector showed contrasting performances. Target plummeted 19.6 percent after reporting disappointing quarterly results, while home retailer Williams-Sonoma surged 23.3 percent following strong earnings.

The bond market saw the 10-year yield rise slightly to 4.42 percent. In the cryptocurrency market, Bitcoin hit a new record high for the second consecutive day, boosted by MicroStrategy’s large purchase. Meanwhile, gold prices eased slightly, and oil prices edged higher amid concerns about potential disruptions to Russian oil supplies due to the Ukraine conflict.

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