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Snowflake jumps after raising annual product revenue

forecast

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Amazon ( AMZN ) drops after report on EU investigation next year

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Oil jumps as Russia-Ukraine exchange missile fire

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Deere shares up after Q4 profit beats estimates

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Indexes: Dow up 0.86%, S&P 500 up 0.32%, Nasdaq down 0.26%

(Updates with mid-session trading)

By Johann M Cherian and Purvi Agarwal

Nov 21 (Reuters) -

Wall Street's main indexes were mixed in volatile trading on

Thursday, with Alphabet's losses weighing on the benchmark S&P

500 and the Nasdaq, while the blue-chip Dow touched a one-week

high, boosted by shares of cloud company Salesforce ( CRM ).

Alphabet slid 6.2% to touch a more than

three-week low after the Justice Department argued to a judge

that Google must sell its Chrome browser and take other measures

to end its monopoly on online search.

The stock's losses weighed on the communication services

sector, which fell 2.6%, while nine of the 11 S&P 500

sectors traded higher.

Megacaps also took a hit, with Meta down 1.2%

and Apple ( AAPL ) flat.

Amazon.com ( AMZN ) lost 3% after a

report said

it will likely face an EU investigation next year into

whether it favors its own brand products on its online

marketplace.

Shares of Wall Street's biggest company, Nvidia ( NVDA )

, were choppy and were last down 0.5%. The chip company

surpassed expectations for quarterly results, and projected

fourth-quarter revenue above estimates.

However, some investors were unimpressed that the forecast

was its slowest in seven quarters.

"It has a lot to do with some disappointments in terms of

Nvidia's ( NVDA ) guidance on the margins, the story on Google doesn't

help (either) and that's bringing down the entire technology

complex," said Dan Eye, chief investment officer at Fort Pitt

Capital Group.

The broader Philadelphia SE Semiconductor index

was up 1%.

At 11:42 a.m. ET, the Dow Jones Industrial Average

rose 372.11 points, or 0.86%, to 43,780.58, the S&P 500

gained 18.99 points, or 0.32%, to 5,936.10 and the Nasdaq

Composite lost 48.96 points, or 0.26%, to 18,917.19.

Nvidia ( NVDA ) has led much of the U.S. market rally since mid-2023

on expectations that AI integration could boost corporate

profits. The stock has risen more than nine-fold in the past two

years and the company boasts a market value of $3.5 trillion.

Gains on the blue-chip Dow were aided by Salesforce's ( CRM )

4.5% advance after three brokerages lifted their price

targets on the stock.

On the data front, a weekly report on jobless claims

showed they fell unexpectedly last week, suggesting a rebound in

job growth in November.

Money market bets tiled in favor of a 25 basis points

interest rate cut by the Fed at its December meeting, according

to the CME Group's FedWatch.

Meanwhile, Richmond Fed President Tom Barkin said the United

States is more vulnerable to inflationary shocks than in the

past, according to a media report.

Comments from Federal Reserve officials Austan Goolsbee and

Vice Chair for Supervision Michael Barr are on tap.

Traders also monitored

geopolitical tensions

between Ukraine and Russia, that sent

crude prices higher

and aided a 1.4% gain in the energy sector.

Deere shares gained 7.8% after reporting an upbeat

fourth-quarter profit, while Snowflake jumped 32% after

its annual product revenue forecast.

Crypto stocks were mixed as bitcoin prices came off

session highs. MARA Holdings ( MARA ) jumped 7.6%, while

Coinbase Global ( COIN ) dropped 4.4%.

Advancing issues outnumbered decliners by a 3.44-to-1

ratio on the NYSE and by a 1.88-to-1 ratio on the Nasdaq.

The S&P 500 posted 52 new 52-week highs and four new

lows, while the Nasdaq Composite recorded 102 new highs and 108

new lows.