11:35 AM EST, 11/19/2025 (MT Newswires) -- The S&P 500 and Nasdaq Composite were both up in late-morning trading Wednesday, while the Dow Jones was down slightly, as investors wait for Nvidia's ( NVDA ) latest earnings results in the afternoon.

In company news, Target ( TGT ) reported fiscal Q3 adjusted earnings Wednesday of $1.78 per share, down from $1.85 a year earlier but above the FactSet consensus analyst estimate of $1.71. Fiscal Q3 net sales were $25.27 billion, down from $25.67 billion a year ago and below the FactSet consensus of $25.33 billion. For fiscal 2025, the company said it expects adjusted EPS of $7 to $8, compared with its previous guidance of $7 to $9. Analysts polled by FactSet expect $7.24. Target ( TGT ) said it plans to invest an extra $1 billion in 2026 to support growth. Target ( TGT ) shares were down 1.1% around midday.

Lowe's (LOW) reported fiscal Q3 adjusted earnings Wednesday of $3.06 per diluted share, up from $2.89 a year earlier and above the FactSet consensus of $2.97. Fiscal Q3 net sales were $20.81 billion, up from $20.17 billion a year ago but below the FactSet consensus of $20.82 billion. For fiscal 2025, the company said it expects adjusted EPS of $12.25, compared with its prior outlook of $12.20 to $12.45 and the FactSet consensus of $12.28. Lowe's also raised its full-year sales guidance to $86 billion from $84.5 billion to $85.5 billion. Analysts polled by FactSet expect $85.31 billion. Lowe's shares were up 5%.

Blue Owl Capital (OBDC) and Blue Owl Capital II said Wednesday they have terminated their planned merger. Blue Owl Capital shares were up 3.3%.

Adobe (ADBE) said Wednesday it has entered into a definitive agreement to acquire Semrush ( SEMR ) in an all-cash deal valued at $1.9 billion. The deal, which is expected to close in the first half of 2026, values Semrush ( SEMR ) at $12 per share. Adobe shares were down 2%, while Semrush ( SEMR ) rose 74%.

Amazon.com's ( AMZN ) attempt to overturn its designation as a "very large online platform" by European regulators was rejected by a European court. Amazon ( AMZN ) shares were down 0.1%.

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