US close: Stocks mixed amid geopolitical tensions, Nvidia earnings

(Sharecast News) - US stocks turned in a mixed performance on Wednesday as investors eyed third-quarter results from AI-darling Nvidia and monitored geopolitical tensions with Russia.

At the close, the Dow Jones Industrial Average was up 0.32% at 43,408.47, while the S&P 500 was flat at 5,917.11 and the Nasdaq Composite saw out the session 0.11% weaker at 18,966.14.

Geopolitical risk continued to dampen market sentiment after Vladimir Putin warned the US that the threshold for the use of nuclear weapons had now been lowered following Joe Biden's decision to allow Ukraine to use US weapons to strike inside Russia. Under the new doctrine, Russia will consider using nuclear weaponry if it, or its allies, were met with the use of "conventional weapons that created a critical threat to their sovereignty and (or) their territorial integrity".

Also in focus, Nvidia, the world's largest company, reported Q3 earnings that came in ahead of expectations on both the top and bottom lines, with revenue up 94% year-on-year. It also issued some stronger-than-expected Q4 guidance.

Elsewhere in the corporate space, Target shares tanked after the discount retail chain missed third-quarter profit forecasts by a wide margin and lowered its full-year guidance, while Comcast confirmed plans to spin off many of NBCUniversal's cable television networks into a separate public company.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Unitedhealth Group Inc. (UNH) $600.50 4.07% Amgen Inc. (AMGN) $287.87 2.83% International Business Machines Corporation (CDI) (IBM) $214.60 2.07% Walt Disney Co. (DIS) $114.26 1.64% Chevron Corp. (CVX) $161.33 1.08% Merck & Co. Inc. (MRK) $97.44 0.93% Cisco Systems Inc. (CSCO) $57.50 0.86% American Express Co. (AXP) $287.71 0.76% Salesforce.Com Inc. (CRM) $325.70 0.70% Verizon Communications Inc. (VZ) $42.22 0.69%

Dow Jones - Fallers

Home Depot Inc. (HD) $400.00 -1.67% Visa Inc. (V) $307.39 -1.43% JP Morgan Chase & Co. (JPM) $240.78 -0.95% Travelers Company Inc. (TRV) $257.19 -0.80% Intel Corp. (INTC) $24.01 -0.79% Nike Inc. (NKE) $73.36 -0.74% Walgreens Boots Alliance, Inc. (WBA) $8.24 -0.60% Microsoft Corp. (MSFT) $415.49 -0.55% 3M Co. (MMM) $127.84 -0.27% Caterpillar Inc. (CAT) $381.50 -0.22%

S&P 500 - Risers

Keysight Technologies Inc. (KEYS) $165.48 8.78% Dxc Technology Company (DXC) $21.17 8.07% Humana Inc. (HUM) $293.97 5.83% Unitedhealth Group Inc. (UNH) $600.50 4.07% Waters Corp. (WAT) $357.77 3.79% Transdigm Group Inc. (TDG) $1,293.11 3.40% Eli Lilly and Company (LLY) $753.41 3.25% Albemarle Corp. (ALB) $109.55 2.91% FMC Corp. (FMC) $57.20 2.86% Amgen Inc. (AMGN) $287.87 2.83%

S&P 500 - Fallers

Target Corp. (TGT) $121.72 -21.97% QUALCOMM Inc. (QCOM) $154.27 -6.34% Dollar General Corp (DG) $73.27 -4.22% Kohls Corp. (KSS) $16.31 -4.12% Macy's Inc. (M) $14.56 -3.83% AES Corp. (AES) $13.28 -3.42% VF Corp. (VFC) $18.65 -3.32% Teleflex Inc. (TFX) $187.43 -2.92% Under Armour, Inc. (UA) $8.32 -2.92% Nektar Therapeutics (NKTR) $1.00 -2.91%

Nasdaq 100 - Risers

Liberty Global plc Series A (LBTYA) $13.26 3.67% Liberty Global plc Series C (LBTYK) $13.38 3.64% Trip.com Group Limited (TCOM) $64.77 3.24% Amgen Inc. (AMGN) $287.87 2.83% NetEase Inc. Ads (NTES) $87.53 2.16% Cognizant Technology Solutions Corp. (CTSH) $77.57 1.64% Comcast Corp. (CMCSA) $42.98 1.56% Cadence Design Systems Inc. (CDNS) $304.01 1.46% Netflix Inc. (NFLX) $883.85 1.44% Synopsys Inc. (SNPS) $541.56 1.41%

Nasdaq 100 - Fallers

QUALCOMM Inc. (QCOM) $154.27 -6.34% Dollar Tree Inc (DLTR) $63.18 -2.61% Illumina Inc. (ILMN) $131.69 -2.45% Western Digital Corp. (WDC) $63.84 -2.22% DENTSPLY Sirona Inc. (XRAY) $18.52 -1.91% Henry Schein Inc. (HSIC) $73.72 -1.50% Texas Instruments Inc (TXN) $198.18 -1.44% Broadcom Inc. (AVGO) $163.25 -1.27% Qurate Retail Inc. (QRTEA) $0.36 -1.26% Alphabet Inc. Class C (GOOG) $177.33 -1.25%