Nov 20 - The tech-heavy Nasdaq closed lower on Wednesday, taking a break from the prior session's rally as investors worried about escalation of Russia-Ukraine tensions and weak results from Target, while awaiting earnings from megacap Nvidia.
Wall Street's"fear gauge" , jumped to 18.79 before easing slightly, still at its highest since the Nov. 5 U.S. presidential election. Target , plunged after the retailer forecast holiday-quarter comparable sales and profit below Wall Street expectations following a third-quarter estimate miss.Growth stocks like Tesla , and Amazon.com , also fell.
However, given the lofty earnings expectations, the company could struggle to impress investors. Options traders are primed for a nearly $300-billion swing in Nvidia's market value after the results.
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