Wall Street Trades Mixed Amid Focus on Russia-Ukraine War

With a quiet economic data agenda this week, investors are gearing up for Nvidia’s Q3 report tomorrow.

The three main Wall Street indices are showing mixed performance this Tuesday morning. Investors are closely monitoring the escalation in the Russia-Ukraine war while preparing for Nvidia’s quarterly results, set to be released tomorrow.

The Dow Jones Industrial Average, comprising 30 major industrial companies, is down 0.34% at 43,243.96 points. Meanwhile, the S&P 500, which tracks 500 stocks, edges up 0.10% to 5,899.58 points, and the tech-heavy Nasdaq Composite rises 0.43% to 18,872.73 points.

Ukraine launched a conventional long-range missile attack on Russia. Earlier, Russian President Vladimir Putin had threatened to use nuclear weapons if Ukraine carried out strikes with weapons supplied by NATO members, including the United States.

Ukrainian President Volodymyr Zelensky stated on Tuesday that it is time for Germany to authorize the use of its weapons on Russian territory, as the United States has already done. His remarks came after Russian President Vladimir Putin approved a new nuclear doctrine for Russia.

“I believe that after these statements about nuclear weapons, it is time for Germany to support the necessary decisions,” Zelensky said during a joint press conference with Danish Prime Minister Mette Frederiksen in Kyiv, according to Ukrainian news agencies.

Market participants are exercising caution, also keeping a close watch on developments regarding President-elect Donald Trump’s cabinet. Nvidia (+2.71%) is also in the spotlight, with its shares up 180% in 2024 as investors await its Q3 report tomorrow.

With little on this week’s U.S. economic calendar, focus remains on the composition of President-elect Donald Trump’s cabinet, particularly the crucial position of Treasury Secretary.