Stock market today: Indexes trade mixed as investors weigh geopolitical tensions and get ready for Nvidia earnings

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Samiat

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Nov 12, 2024
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* US indexes ended higher Tuesday, recovering after geopolitical tensions triggered a morning sell-off.
* Attention is turning back toward Nvidia ahead of its third-quarter earnings.
* Wall Street is largely bullish on the chipmaker, and expects a 83% year-over-year revenue gain.

US stocks were mixed on Tuesday after a sell-off earlier in the day sparked by fears of escalating tensions between Russia and Ukaine.

The Nasdaq and S&P 500 were able to recover to end higher, though the Dow Jones Industrial Average ended more than 100 points lower. Russia's President Vladimir Putin lowered the threshold for when Russia can use atomic weapons, responding to Ukraine's strike inside of Russian territory using US-made long-range missiles.

Investors early in the day rushed into defensive assets, sending gold and bond prices higher before the safety trade waned as the day wore on.

Investors were able to look past the rising geopolitical tensions as they geared up for Nvidia to report earnings after the market close on Wednesday.

Wall Street remains bullish on Nvidia stockahead of the report, and investors will be eagerly monitoring the call for discussion of the company's next-generation Blackwell GPU and the demand from the biggest firms working on artificial intelligence technology.
Third-quarter revenue is expected to reach $33 billion, which would mark an 83% year-over-year gain.