S&P 500 Gains and Losses Today: Target Stock Tumbles as Earnings Miss the Mark

Investopedia05:32

Key Takeaways The S&P 500 was flat on Wednesday, Nov. 20, as markets braced for afternoon earnings news from AI chip powerhouse Nvidia, the world's highest-capitalized company.Target shares plunged as...

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Analysts said their stronger expectations for the insurer hinged on updates to Managed Care estimates, indicating they see an improved risk/reward profile for Humana's Medicare Advantage business with the federal government under Republican control.Super Micro Computer  shares fell 8.7%, giving back some of the gains posted in the previous session. The server maker's stock has carved a volatile path in recent weeks as Supermicro addresses concerns about its accounting practices that led to the postponement of its annual report. Ear","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index","VOO":"Vanguard标普500ETF"},"translate_title":"标普500今日涨跌：目标股价因盈利未达标而暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".SPX":1,"SPY":1,"VOO":1},"content_text":"Key Takeaways\nThe S&P 500 was flat on Wednesday, Nov. 20, as markets braced for afternoon earnings news from AI chip powerhouse Nvidia, the world's highest-capitalized company.Target shares plunged as the retailer missed quarterly estimates, noting cautious consumer spending behavior.AI investments helped electronic testing supplier Keysight top quarterly expectations, increasing its shares.\n Major U.S. equities indexes were mixed and little changed on Wednesday as Nvidia (NVDA) prepared to disclose quarterly results after the closing bell.\n\n\n After trading in negative territory for much of the day, the S&P 500 rebounded in the afternoon to close flat for the session. The afternoon rally helped lift the Dow to a daily gain of 0.3%, while the Nasdaq ended 0.1% lower.\n\n\n Wednesday's top performance in the S&P 500 came from shares of electronic test and measurement provider Keysight Technologies (KEYS), which surged 8.8% to a 52-week high. Keysight posted better-than-expected earnings per share (EPS) and revenue for its fiscal fourth quarter, boosted by its investments in artificial intelligence (AI) technology. Projections for the current quarter also topped forecasts.\n\n\n Humana (HUM) shares jumped 5.8% after Wells Fargo lifted its price target on the stock. Analysts said their stronger expectations for the insurer hinged on updates to Managed Care estimates, indicating they see an improved risk/reward profile for Humana's Medicare Advantage business with the federal government under Republican control.\n\n\n Shares of real estate analytics and marketing firm CoStar Group (CSGP) added 5.8% after Needham reiterated its \"buy\" rating on the stock. Analysts cited a number of positive factors for CoStar, suggesting the operator of online property marketplaces is positioned to benefit from strategic sales moves and a potential improvement in the commercial real estate market. In addition, a likely decline in interest rates during 2025 could help drive increased bookings.\n\n\n Target (TGT) shares plummeted 21.4%, falling the most of any stock in the S&P 500 after the retail giant reported lower-than-expected sales and profits for the third quarter. Although digital sales ticked higher from a year ago, comparable store sales declined, and Target highlighted that inflation-wary consumers are taking a cautious approach to shopping and spending. Target's miss came a day after rival Walmart (WMT) topped quarterly expectations, helping lift Walmart shares to a record high.\n\n\n Super Micro Computer (SMCI) shares fell 8.7%, giving back some of the gains posted in the previous session. The server maker's stock has carved a volatile path in recent weeks as Supermicro addresses concerns about its accounting practices that led to the postponement of its annual report. Earlier this week, the company submitted a plan to avoid the delisting of its stock from the Nasdaq and announced that accounting firm BDO USA would serve as its new auditor.\n\n\n Semiconductor maker Qualcomm (QCOM) held its first investor day in three years, outlining growth projections for its business outside of smartphones, with a focus on the automotive and Internet of Things (IoT) segments. However, Qualcomm shares dropped 6.3% as analysts questioned the expected growth trajectory of the company's markets and its ability to capture market share. Qualcomm derives the majority of its revenue from smartphone chips and faces pressure to diversify as Apple (AAPL) moves away from Qualcomm components.\n\nDo you have a news tip for Investopedia reporters? 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