Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


Delayed Quote. Delayed Nasdaq - 01/21 04:00:00 pm
233.74 USD   -3.21%
01/21Pony.aiáto Mass-Produce Driverless Vehicle Hardware by 2022-End
01/20NVIDIA : GPUs Enable Simulation of a Living Cell
01/20Will the first metaverse be Chinese?
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Wall Street ends higher; Nvidia surge offsets Nordstrom, Gap slide

11/24/2021 | 04:39pm EST
FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City

(Reuters) - Wall Street ended higher on Wednesday, lifted by gains in Nvidia and other tech stocks, while Gap and Nordstrom shares tumbled following weak quarterly reports.

Nordstrom tumbled 29% and Gap slid 24%, after the two retailers reported weak quarterly results and warned of supply chain problems ahead of the crucial U.S. holiday shopping season.

Nvidia rallied 2.9% as it bounced back from a selloff in Big Tech stocks early this week. The graphics chipmaker is now up about 150% in 2021.

The S&P 500 spent much of the session near flat before climbing just before the close.

The S&P 500 consumer discretionary sector index rose 0.2% after data showed U.S. consumer spending increased more than expected in October.

The so-called core PCE price index, the Federal Reserve's preferred inflation measure, also accelerated in October.

Various Federal Reserve policymakers said they would be open to speeding up elimination of their bond-buying program and move more quickly to raise interest rates if high inflation held, minutes of the U.S. central bank's last policy meeting showed.

Other data showed weekly jobless claims fell and third-quarter GDP was revised higher, while a University of Michigan survey showed consumer sentiment improved in November.

Coronavirus infections broke records in parts of Europe on Wednesday, with investors worried the continent was again the epicenter of a pandemic that has prompted new curbs on movement.

So far this week, the Nasdaq is down about 1.3%, with investors worried that higher interest rates could hurt the valuations of tech and other growth stocks.

"Equities are under pressure from a combination of rising interest rates, more cautionary news on the earnings front, and also from COVID developments in Europe," said Greg Bassuk, chief executive at AXS Investments in Port Chester, New York.

The U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it will have a shortened session on Friday.

Real estate led among 11 S&P 500 sector indexes with a gain of 1.3% for most of the session.

The Dow Jones Industrial Average fell 0.03% to end at 35,804.38 points, while the S&P 500 gained 0.23% to 4,701.46.

The Nasdaq Composite climbed 0.44% to 15,845.23.

Volume on U.S. exchanges was 8.9 billion shares, light compared to the 11 billion average over the last 20 trading days.

Tesla Inc rose as much as 0.6%. In his latest of several recent share sales, CEO Elon Musk sold 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares.

PC makers HP Inc and Dell Technologies jumped 10% and 4.8%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers.

Advancing issues outnumbered declining ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.47-to-1 ratio favored advancers.

The S&P 500 posted 27 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 55 new highs and 234 new lows.

(Additional reporting by Ambar Warrick and Devik Jain in Bengaluru; Editing by Maju Samuel and David Gregorio)

By Ambar Warrick and Noel Randewich

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.47% 0.7182 Delayed Quote.-0.62%
BRITISH POUND / US DOLLAR (GBP/USD) -0.01% 1.3552 Delayed Quote.0.50%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.70% 0.7941 Delayed Quote.1.11%
DELL TECHNOLOGIES INC. -3.19% 55.57 Delayed Quote.-1.07%
DJ INDUSTRIAL -1.30% 34265.37 Delayed Quote.-5.70%
EURO / US DOLLAR (EUR/USD) 0.03% 1.1343 Delayed Quote.-0.50%
HP INC. -3.46% 34.86 Delayed Quote.-7.46%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.08% 0.013443 Delayed Quote.0.03%
NASDAQ COMP. -2.72% 13768.921815 Real-time Quote.-11.99%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.64% 0.67061 Delayed Quote.-1.26%
NORDSTROM, INC. -4.31% 20 Delayed Quote.-11.58%
NVIDIA CORPORATION -3.21% 233.74 Delayed Quote.-20.53%
S&P 500 -1.89% 4397.94 Delayed Quote.-7.73%
TESLA, INC. -5.26% 943.9 Delayed Quote.-10.68%
THE GAP, INC. -1.25% 15.86 Delayed Quote.-10.14%
01/21Pony.aiáto Mass-Produce Driverless Vehicle Hardware by 2022-End
01/20NVIDIA : GPUs Enable Simulation of a Living Cell
01/20Will the first metaverse be Chinese?
01/20GFN THURSDAY : ‘Tom Clancy's Rainbow Six Extraction' Charges Into GeForce NOW
01/20VAN, GO : Pony.ai Unveils Next-Gen Robotaxi Fleet Built on NVIDIA DRIVE Orin
01/19Nasdaq confirms fourth correction since pandemic hit
01/19S&P 500, Dow up on earnings lift, Nasdaq off session low
01/19NVIDIA : New NVIDIA AI Enterprise Release Lights Up Data Centers
01/19FUSING ART AND TECH : MORF Gallery CEO Scott Birnbaum on Digital Paintings, NFTs and More
01/18Cadence Design Systems aims to cash in on new custom-chip era
More news
Analyst Recommendations on NVIDIA CORPORATION
More recommendations
Financials (USD)
Sales 2022 26 671 M - -
Net income 2022 9 288 M - -
Net cash 2022 11 720 M - -
P/E ratio 2022 64,1x
Yield 2022 0,07%
Capitalization 584 B 584 B -
EV / Sales 2022 21,5x
EV / Sales 2023 17,9x
Nbr of Employees 18 975
Free-Float 62,0%
Duration : Period :
NVIDIA Corporation Technical Analysis Chart | NVDA | US67066G1040 | MarketScreener
Technical analysis trends NVIDIA CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 42
Last Close Price 233,74 $
Average target price 335,41 $
Spread / Average Target 43,5%
EPS Revisions
Managers and Directors
Jen Hsun Huang President, Chief Executive Officer & Director
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
Debora Shoquist Executive Vice President-Operations
Sector and Competitors
1st jan.Capi. (M$)
BROADCOM INC.-19.86%220 157
QUALCOMM, INC.-8.95%184 722