Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%

The Dow Jones Industrial Average increased 27.1 points, or 0.06 percent, to 43,296.05. This was at the opening bell. The Nasdaq Composite slid 16.2 points, or 0.09 percent, to 18,971.311, while the S&P 500 sank 2.6 points, or 0.04 percent, to 5,914.34.

After trading concludes, Nvidia will make its third-quarter earnings public. Its stock had dropped 1.2%.

Amazon.com fell 1.4% and Tesla, among other megacap companies, fell 1.3%.

Target, a US retailer, fell 19.6% after releasing lower-than-expected quarterly revenue and profit.

Williams-Sonoma, a home store, had a 23.3% increase in stock after reporting higher third-quarter revenue and earnings.

Following the announcement of MicroStrategy Inc.’s large acquisition of the cryptocurrency, Bitcoin surged to a new high for the second day in a row on Wednesday.

Bitcoin has increased by around 40% after Donald Trump won the US presidential election, rising as high as 2.6% to $94,668.

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