The US stock market saw little change on Wednesday, with the market waiting for the latest quarterly performance of Nvidia (NVDA.US), causing investors to stay on the sidelines. The s&p 500 index barely moved, closing nearly unchanged from Tuesday at 5,917 points; the Dow rose 139 points or 0.3% to close at 43,408 points; the Nasdaq fell 21 points or 0.1% to close at 18,966 points.
Nvidia's performance pre-report fell by 0.8%. Tesla (TSLA.US), also a focus for investors, also fell by over 1%.
Retail stock Target (TGT.US) fell short of expectations for the third quarter, coupled with a lowered full-year guidance, leading to a 21% decline in the stock price for the whole day. This pressure also affected other major retail stocks, including the SPDR S&P Retail ETF (XRT.US) dropping nearly 1%, discount retailers being affected as well, Dollar Tree (DLTR.US), Dollar General (DG.US) falling by 2%-4%, and e-commerce giant Amazon (AMZN.US) sliding nearly 1%.
Bitcoin surged to $0.094 million, with Microstrategy (MSTR.US), a major bitcoin holder, reaching a 52-week high and rising by 10% throughout the day; Bitcoin mining company BTC Digital (BTCT.US) also rose by 11%.