(Sharecast News) - Major indices delivered a mixed performance on Tuesday as Nvidia shares headed south after Donald Trump approved H200 chip sales to China under a deal that will see the US government receive a 25% cut.
At the close, the Dow Jones Industrial Average was down 0.38% at 47,560.29, while the S&P 500 shed 0.09% to 6,840.51 and the Nasdaq Composite saw out the session 0.13% firmer at 23,576.49.
The Dow closed 179.03 points lower on Tuesday, extending losses recorded in the previous session.
Nvidia shares traded lower after Trump said the tech giant could ship its H200 chips to "approved customers" in China and elsewhere on the condition that a quarter of sales proceeds go to Washington. Trump added that Chinese president Xi Jinping had "responded positively" to the agreement.
Elsewhere, investor attention remained firmly on the Federal Reserve's upcoming policy decision, due at 1900 GMT on Wednesday, with markets betting the central bank will lower its key overnight lending rate by another quarter point at its final meeting for the year, repeating moves made in September and October. According to CME's FedWatch tool, traders now see an 87% chance of a cut, up from less than 67% a month ago.
On the macro front, the National Federation of Independent Business' small business optimism index rose to 99 in November, the highest level in three months, up from 98.2 in October and beating forecasts of 98.4. The report showed that 21% of respondents cited labour quality as their biggest problem, down six points from October, while the net share of owners anticipating higher real sales volumes rose nine points to 15%. When asked about the overall health of their business, 11% rated it as excellent, down one point, and 53% as good, up two points.
Elsewhere, US private sector employers added an average of 4,750 jobs per week in the four weeks to 22 November, according to a weekly update of the ADP National Employment report.
Finally, US job openings edged higher in October, rising by 12,000 to 7.67m, according to delayed figures from the Bureau of Labor Statistics. September vacancies were revised to 7.658m, marking a sharp 431,000 jump from August's 7.227m, with both months comfortably topping forecasts of 7.2m. The release, covering both September and October, came later than usual after a 43day government shutdown stretched from October into November, forcing the BLS to postpone its regular publication schedule.
In the corporate space, GameStop traded lower in after-hours trading after quarterly revenues fell short of analysts' estimates, while Dave & Buster's posted a wider-than-expected quarterly loss as same-store sales continued to decline, and Cracker Barrel was in the red after it revealed Q1 revenues had slipped amid "unique and ongoing headwinds".
Pharmacy chain CVS, on the other hand, closed almost 5% higher after issuing better-than-expected profit guidance for 2026 as its turnaround plan starts to take effect.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Goldman Sachs Group Inc. (GS) $876.48 1.14%
Dow Chemical Co. (DOW) $23.11 1.09%
Procter & Gamble Co. (PG) $139.63 0.93%
Cisco Systems Inc. (CSCO) $79.51 0.82%
3M Co. (MMM) $165.09 0.69%
Salesforce.Com Inc. (CRM) $261.02 0.57%
Intel Corp. (INTC) $40.50 0.50%
American Express Co. (AXP) $363.59 0.45%
International Business Machines Corporation (CDI) (IBM) $310.52 0.42%
McDonald's Corp. (MCD) $310.79 0.32%
Dow Jones - Fallers
JP Morgan Chase & Co. (JPM) $300.51 -4.66%
Boeing Co. (BA) $200.37 -2.86%
Verizon Communications Inc. (VZ) $40.14 -2.81%
Amgen Inc. (AMGN) $313.85 -2.30%
Merck & Co. Inc. (MRK) $96.89 -2.06%
Home Depot Inc. (HD) $346.33 -1.33%
Johnson & Johnson (JNJ) $199.96 -0.82%
Walt Disney Co. (DIS) $107.02 -0.57%
Caterpillar Inc. (CAT) $594.36 -0.36%
Nike Inc. (NKE) $63.33 -0.33%
S&P 500 - Risers
Teleflex Inc. (TFX) $132.00 9.54%
Newmont Corporation (NEM) $94.09 5.72%
Dxc Technology Company (DXC) $15.04 4.74%
F5 Inc. (FFIV) $257.98 3.94%
Illumina Inc. (ILMN) $132.13 3.83%
Hewlett Packard Enterprise (HPE) $24.77 3.81%
Ipg Photonics Corp. (IPGP) $84.47 3.71%
Corning Inc. (GLW) $91.11 3.22%
Kohls Corp. (KSS) $23.41 3.13%
Keycorp (KEY) $19.98 3.04%
S&P 500 - Fallers
Advance Auto Parts (AAP) $46.33 -9.34%
AutoZone Inc. (AZO) $3,496.77 -7.17%
JP Morgan Chase & Co. (JPM) $300.51 -4.66%
Rollins Inc. (ROL) $58.01 -4.18%
O'Reilly Automotive Inc. (ORLY) $94.25 -3.93%
VeriSign Inc. (VRSN) $242.50 -3.37%
Bath & Body Works, Inc. (BBWI) $19.17 -3.21%
Molson Coors Beverage Co. Class B (TAP) $45.27 -3.00%
Lennar Corp. Class A (LEN) $117.19 -2.92%
Boeing Co. (BA) $200.37 -2.86%
Nasdaq 100 - Risers
Qvc Group Inc Series A (QVCGA) $10.76 14.71%
Illumina Inc. (ILMN) $132.13 3.83%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $602.97 2.32%
Micron Technology Inc. (MU) $252.42 2.23%
Henry Schein Inc. (HSIC) $74.44 2.17%
Lam Research Corp. (LRCX) $165.81 1.89%
Check Point Software Technologies Ltd. (CHKP) $194.19 1.75%
Adobe Systems Inc. (ADBE) $344.32 1.53%
Broadcom Inc. (AVGO) $406.29 1.29%
Tesla Inc (TSLA) $445.17 1.27%
Nasdaq 100 - Fallers
Baidu Inc. (BIDU) $123.94 -4.71%
O'Reilly Automotive Inc. (ORLY) $94.25 -3.93%
Liberty Global plc Series C (LBTYK) $10.72 -3.16%
Liberty Global plc Series A (LBTYA) $10.85 -3.04%
Biogen Inc (BIIB) $176.02 -2.45%
Amgen Inc. (AMGN) $313.85 -2.30%
Wynn Resorts Ltd. (WYNN) $124.64 -1.96%
Incyte Corp. (INCY) $95.16 -1.59%
Hasbro Inc (HAS) $79.86 -1.57%
Intuitive Surgical Inc. (ISRG) $558.13 -1.55%
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