{"id":48435,"date":"2024-11-21T12:28:36","date_gmt":"2024-11-21T12:28:36","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/"},"modified":"2024-11-21T12:28:36","modified_gmt":"2024-11-21T12:28:36","slug":"stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/","title":{"rendered":"Stock Market Today: Mixed Performance Amid Nvidia Earnings and Economic Data"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/#Market_Overview_November_21_2024\" >Market Overview: November 21, 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/#Major_Index_Performance\" >Major Index Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/#Key_Market_Movers\" >Key Market Movers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/#Sector_Highlights\" >Sector Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/#Upcoming_Market_Events\" >Upcoming Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/#Economic_Indicators\" >Economic Indicators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/#Global_Market_Influence\" >Global Market Influence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/#Commodities_and_Bonds\" >Commodities and Bonds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-mixed-performance-amid-nvidia-earnings-and-economic-data\/48435\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Overview_November_21_2024\"><\/span>Market Overview: November 21, 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock market displayed mixed performance on Thursday, November 21, 2024, as investors digested Nvidia&#8217;s earnings report and awaited key economic data releases. <b>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average ($DOWI) showed resilience, while the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> ($SPX) and Nasdaq 100 ($IUXX) faced slight pressure.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Index_Performance\"><\/span>Major Index Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of the latest trading session:<br \/>&#8211; The S&#038;P 500 Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SPY\">SPY<\/a>) remained relatively flat<br \/>&#8211; The Dow Jones Industrial Average (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIA\">DIA<\/a>) edged up by 0.32%<br \/>&#8211; The Nasdaq 100 Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=QQQ\">QQQ<\/a>) dipped by 0.08%<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Market_Movers\"><\/span>Key Market Movers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b>, a bellwether for the AI market, reported better-than-expected Q3 results after the close on Wednesday. However, the stock dropped over 2% in after-hours trading, suggesting that investors had anticipated even stronger performance. This reaction is weighing on U.S. futures, particularly in the tech sector.<\/p>\n<p><b>Target (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TGT\">TGT<\/a>)<\/b> faced significant pressure, closing down more than 21% after cutting its full-year outlook due to flat sales and inventory concerns. This move has led retailers lower across the board.<\/p>\n<p>On a positive note, <b>Williams-Sonoma (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WSM\">WSM<\/a>)<\/b> surged by more than 27% after reporting Q3 adjusted EPS of $1.96, surpassing consensus estimates.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sector_Highlights\"><\/span>Sector Highlights<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Health insurance stocks rallied<\/b> following RBC Capital Markets&#8217; positive outlook on the sector. Notable gainers included:<br \/>&#8211; Humana (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HUM\">HUM<\/a>): Up more than 5%<br \/>&#8211; Molina Healthcare (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MOH\">MOH<\/a>): Increased by over 4%<br \/>&#8211; UnitedHealth Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UNH\">UNH<\/a>): Led Dow Jones Industrials with a 4% gain<\/p>\n<p><b>Technology stocks<\/b> faced pressure, particularly in the chip sector, as investors reassessed valuations in light of Nvidia&#8217;s earnings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching several key events that could impact market sentiment:<\/p>\n<p>1. <b>Economic Data Releases:<\/b> Initial Jobless Claims for the week ended November 15 and the Existing Home Sales report are due today.<\/p>\n<p>2. <b>Federal Reserve Commentary:<\/b> Recent comments from Fed officials suggest a cautious approach to future rate adjustments. Fed Governor Cook indicated a potential move towards a more neutral stance, while Governor Bowman emphasized the need for caution in reducing rates.<\/p>\n<p>3. <b>Earnings Reports:<\/b> Several major companies are set to report earnings today, including:<br \/>   &#8211; Gap Inc (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GAP\">GAP<\/a>)<br \/>   &#8211; Intuit Inc (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=INTU\">INTU<\/a>)<br \/>   &#8211; PDD Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PDD\">PDD<\/a>)<br \/>   &#8211; Baidu (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BIDU\">BIDU<\/a>)<br \/>   &#8211; Deere &#038; Co (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DE\">DE<\/a>)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Indicators\"><\/span>Economic Indicators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Recent economic data shows:<br \/>&#8211; <b>MBA mortgage applications<\/b> rose 1.7% in the week ended November 15<br \/>&#8211; The average 30-year fixed rate mortgage increased to a 4-month high of 6.90%<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Influence\"><\/span>Global Market Influence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>European markets<\/b> opened mixed as traders assessed Nvidia&#8217;s earnings and awaited Eurozone consumer confidence data.<\/p>\n<p><b>Asia-Pacific indices<\/b> mostly trended lower, with technology stocks under pressure following Nvidia&#8217;s earnings report.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Commodities_and_Bonds\"><\/span>Commodities and Bonds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8211; <b>WTI crude oil futures<\/b> trended higher, hovering near $69.41 per barrel<br \/>&#8211; The <b>U.S. 10-year treasury yield<\/b> increased, floating near 4.414%<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the market digests Nvidia&#8217;s earnings and anticipates crucial economic data, investors remain cautious. The mixed performance across major indices reflects the current uncertainty in the market. <b>Traders are closely monitoring tech stocks, retail sector developments, and upcoming economic indicators to gauge the market&#8217;s direction in the near term.<\/b><\/p>\n<p>With geopolitical tensions easing slightly and the Federal Reserve maintaining a balanced stance on monetary policy, the market continues to seek clear catalysts for its next significant move. As always, investors are advised to stay informed and maintain a diversified portfolio in these dynamic market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: November 21, 2024 The stock market displayed mixed performance on Thursday, November 21, 2024, as investors digested Nvidia&#8217;s 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