U.S. stocks traded near the flatline Wednesday as investors looked ahead to the widely-anticipated release of Nvidia's latest earnings report.
The S&P 500 inched down 0.1%, while the Dow Jones Industrial Average fell 0.2%. The Nasdaq Composite hovered near the flatline.
Target shares fell more than 7% on weaker-than-expected earnings, with management citing weaker spending trends in discretionary categories. The retailer's troubles raised broader concerns about the health of the consumer.
Nvidia shares pulled back 0.7% Wednesday ahead of its quarterly earnings results after the bell. Analysts are expecting another strong quarter from the chipmaker. LSEG data shows consensus estimates call for earnings per share and revenue to have risen 400% and 240% year on year.
Source : CNBC
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