Tech stocks dip on U.S. markets as investors wait on Nvidia

NEW YORK, New York - Trading on U.S. stock markets on Wednesday was cautious, with market leader Nvidia due to report earnings after the closing bell.

"Jitters over Nvidia's earnings and climbing political tensions are worrying investors," Ryan Detrick, chief market strategist at Carson Group told CNBC Wednesday. "But, let's not forget that stocks are still having a historic year and the economy isn't showing any major signs of a slowdown."

Here are the closing quotes for the key U.S. indices on Wednesday:

S&P 500:
The benchmark Standard and Poor's 500 ended virtually unchanged, closing at 5,917.11, with a marginal increase of 0.13 points or 0.00 percent. Traders appeared cautious, awaiting signals from upcoming economic data to guide future market movements.

Dow Jones Industrial Average:
The Dow Jones Industrial Average gained 139.53 points, closing at 43,408.47, up 0.32 percent. Blue-chip stocks continued to attract investors amid hopes of sustained resilience in the US economy.

NASDAQ Composite:
The tech-heavy NASDAQ Composite declined by 21.33 points to finish at 18,966.14, down 0.11 percent. Weakness in major technology stocks weighed on the index despite strength in other sectors.

Volume Highlights:
Trading volumes were solid, with the S&P 500 seeing 2.488 billion shares traded, while the Dow logged 518.96 million. The NASDAQ reported a robust 6.072 billion shares traded, reflecting active participation in the tech-heavy index.

Global Foreign Exchange Market Sees Across-the-Board Gains for U.S. Dollar on Wednesday

The global foreign exchange market witnessed a strong performance by the greenback across major currency pairs on Wednesday as economic data and geopolitical uncertainties influenced trading. The U.S. Dollar Index gained 0.49 points, ending at 106.70, up 0.46 percent.

Key Currency Pairs:

EUR/USD (Euro / US Dollar):
The euro declined against the U.S. dollar, settling at 1.0538, down by 0.53 percent.

USD/JPY (US Dollar / Japanese Yen):
The dollar strengthened against the Japanese yen, rising to 155.44, an increase of 0.51 percent.

USD/CAD (US Dollar / Canadian Dollar):
The U.S. dollar gained slightly against the Canadian dollar, firming to 1.3982, up 0.19 percent.

GBP/USD (British Pound / US Dollar):
The British pound weakened against the dollar, settling at 1.2645, a drop of 0.28 percent.

USD/CHF (US Dollar / Swiss Franc):
The U.S. dollar advanced against the Swiss franc, rising to 0.8845, up 0.27 percent. Safe-haven flows into the dollar overshadowed the franc's typically strong performance in times of uncertainty.

AUD/USD (Australian Dollar / US Dollar):
The Australian dollar fell to 0.6500 against the dollar, a decrease of 0.47 percent.

NZD/USD (New Zealand Dollar / US Dollar):
The New Zealand dollar saw the steepest decline, falling to 0.5871, down by 0.67 percent. Concerns over global risk sentiment dampened the kiwi's appeal.

Global Markets Wrap Up: Falls Recorded Across Indices Worldwide Wednesday

Markets worldwide closed on Wednesday with mostly negative results as investors navigated economic data and ongoing geopolitical concerns. Losses were recorded across the UK, Europe, Oceania and the Middle East. Here's how the key indices performed:

CANADA

• S&P/TSX Composite Index:
  North of the border, Canada's S&P/TSX Composite Index closed higher at 25,036.46, up 25.69 points or 0.10 percent. Energy and financial stocks provided support to the index, reflecting the broader market sentiment. The S&P/TSX saw 214.348 million shares exchanged.

UNITED KINGDOM

• FTSE 100 dipped by 13.95 points to close at 8,085.07, reflecting a decline of 0.17 percent.

EUROPE

• DAX in Germany ended at 19,004.78, losing 55.53 points or 0.29 percent.
• CAC 40 in France fell by 31.19 points, finishing at 7,198.45, a drop of 0.43 percent.
• EURO STOXX 50 slipped by 21.52 points to close at 4,729.71, a decline of 0.45 percent.
• Euronext 100 Index dropped 3.72 points to 1,426.60, a loss of 0.26 percent.
• BEL 20 in Belgium bucked the trend, adding 20.79 points to close at 4,137.18, up 0.51 percent.

ASIA

• Hang Seng Index in Hong Kong edged higher by 41.34 points to 19,705.01, gaining 0.21 percent.
• SSE Composite Index in Shanghai rose 21.98 points to 3,367.99, up 0.66 percent.
• Nikkei 225 in Japan declined by 62.09 points to close at 38,352.34, a decrease of 0.16 percent.
• STI Index in Singapore fell by 14.33 points to 3,743.64, down 0.38 percent.
• S&P BSE SENSEX in India rose 239.38 points to close at 77,578.38, an increase of 0.31 percent.
• FTSE Bursa Malaysia KLCI fell 4.16 points to 1,598.18, down 0.26 percent.
• KOSPI Composite Index in South Korea added 10.34 points to finish at 2,482.29, up 0.42 percent.
• TSEC Weighted Index in Taiwan slid 160.44 points to 22,688.36, a decrease of 0.70 percent.

OCEANIA

• S&P/ASX 200 in Australia dropped 47.70 points to close at 8,326.30, a decrease of 0.57 percent.
• ALL ORDINARIES also declined, losing 50.10 points to 8,579.10, down 0.58 percent.
• S&P/NZX 50 in New Zealand declined by 79.26 points to 12,737.06, losing 0.62 percent.

MIDDLE EAST

• TA-125 in Israel dropped 3.84 points to 2,280.85, down 0.17 percent.
• EGX 30 Price Return Index in Egypt dropped 100.30 points, closing at 30,588.00, down 0.33 percent.

AFRICA

• Top 40 USD Net TRI Index in South Africa gained 17.74 points to 4,564.86, an increase of 0.39 percent.

Related stories:

Tuesday 19 November 2024 | Tech stocks advance on Wall Street, Dow Jones drops | Big News Network

Monday 18 November 2024 | Dow Jones dips 55 points as markets await Nvidia earnings | Big News Network