(Sharecast News) - Major indices were mixed at the opening bell 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.
As of 1520 GMT, the Dow Jones Industrial Average was up 0.13% at 47,800.51, while the S&P 500 advanced 0.05% to 6,850.17 and the Nasdaq Composite came out of the gate 0.17% weaker at 23,506.74.
The Dow opened 61.19 points lower on Tuesday, taking a bite out of losses recorded in the previous session.
Nvidia shares traded lower in early action 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 will remain firmly on the Federal Reserve's final policy decision of the year, due at 1900 GMT on Wednesday, with markets betting the central bank will lower its key overnight lending rate by another quarter point, repeating moves made in September and October. According to CME's FedWatch tool, traders now see an 89% 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, Dave & Busters, and Cracker Barrel were all slated to report earnings after the close.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Dow Chemical Co. (DOW) $23.39 2.30%
Johnson & Johnson (JNJ) $205.33 1.84%
Procter & Gamble Co. (PG) $140.48 1.55%
Travelers Company Inc. (TRV) $283.57 1.32%
Goldman Sachs Group Inc. (GS) $875.67 1.04%
American Express Co. (AXP) $365.69 0.94%
Home Depot Inc. (HD) $353.06 0.90%
International Business Machines Corporation (CDI) (IBM) $311.39 0.71%
JP Morgan Chase & Co. (JPM) $317.45 0.71%
3M Co. (MMM) $165.06 0.67%
Dow Jones - Fallers
Verizon Communications Inc. (VZ) $40.74 -1.36%
Amgen Inc. (AMGN) $318.33 -0.90%
Boeing Co. (BA) $204.99 -0.62%
Nike Inc. (NKE) $63.17 -0.57%
Walt Disney Co. (DIS) $107.15 -0.44%
Merck & Co. Inc. (MRK) $98.54 -0.39%
McDonald's Corp. (MCD) $309.33 -0.15%
Visa Inc. (V) $326.48 -0.11%
Unitedhealth Group Inc. (UNH) $323.32 -0.09%
Cisco Systems Inc. (CSCO) $78.79 -0.08%
S&P 500 - Risers
Teleflex Inc. (TFX) $130.21 8.67%
Keycorp (KEY) $20.23 4.31%
Celanese Corp. (CE) $41.59 3.90%
Exxon Mobil Corp. (XOM) $120.07 3.53%
NRG Energy Inc. (NRG) $169.48 3.27%
LyondellBasell Industries (LYB) $43.65 3.24%
United Rentals Inc. (URI) $808.96 3.05%
CVS Health Corp (CVS) $78.67 2.80%
Align Technology Inc. (ALGN) $161.94 2.70%
Sl Green Realty Corp. (SLG) $42.63 2.66%
S&P 500 - Fallers
Advance Auto Parts (AAP) $48.83 -4.40%
VeriSign Inc. (VRSN) $240.38 -4.21%
AutoZone Inc. (AZO) $3,640.91 -3.35%
Molson Coors Beverage Co. Class B (TAP) $45.22 -3.00%
Wynn Resorts Ltd. (WYNN) $124.23 -2.28%
Booking Holdings Inc. (BKNG) $5,059.29 -2.28%
Mattel Inc. (MAT) $19.97 -2.25%
O'Reilly Automotive Inc. (ORLY) $96.13 -2.02%
Hershey Foods Corp. (HSY) $177.26 -1.95%
Bristol-Myers Squibb (BMY) $50.83 -1.64%
Nasdaq 100 - Risers
Qvc Group Inc Series A (QVCGA) $10.06 7.25%
Align Technology Inc. (ALGN) $161.94 2.70%
Micron Technology Inc. (MU) $249.94 1.22%
Sirius XM Holdings Inc (SIRI) $21.98 1.15%
DENTSPLY Sirona Inc. (XRAY) $11.23 1.13%
Illumina Inc. (ILMN) $128.68 1.12%
Tesla Inc (TSLA) $443.78 0.96%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $593.96 0.79%
Vodafone Group Plc ADS (VOD) $12.59 0.72%
Incyte Corp. (INCY) $97.30 0.62%
Nasdaq 100 - Fallers
Baidu Inc. (BIDU) $124.43 -4.33%
Wynn Resorts Ltd. (WYNN) $124.23 -2.28%
Booking Holdings Inc. (BKNG) $5,059.29 -2.28%
O'Reilly Automotive Inc. (ORLY) $96.13 -2.02%
Hasbro Inc (HAS) $79.87 -1.55%
T-Mobile Us, Inc. (TMUS) $201.35 -1.51%
Starbucks Corp. (SBUX) $82.16 -1.50%
JD.com, Inc. (JD) $29.49 -1.45%
Skyworks Solutions Inc. (SWKS) $68.31 -1.30%
Meta Platforms Inc. (META) $658.34 -1.27%
17.73 (0.18%)
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