 
	*
Amazon ( AMZN ) drops after report on EU investigation next year
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Alphabet slips after Justice Department pushes for Chrome
sale
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Deere shares up after Q4 profit beats estimates
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Indexes up: Dow 1.06%, S&P 0.53%, Nasdaq 0.03%
(Updates after the market close)
By Abigail Summerville
Nov 21 (Reuters) - Wall Street's main indexes closed
higher after choppy trading on Thursday, with the blue-chip Dow
and the S&P 500 hitting one-week tops.
Dow Jones Industrial Average gains were aided by cloud
company Salesforce's ( CRM ) 3.1% advance after three brokerages
lifted their price targets on the stock.
Shares of Wall Street's biggest company, Nvidia ( NVDA ),
added 0.5% after teetering following its earnings release on
Wednesday. The chip company surpassed expectations for quarterly
results, and projected fourth-quarter revenue above estimates.
"(Nvidia's ( NVDA )) earnings report was really, really good. Some of
the whisper numbers were higher and they disappointed there, but
the fundamentals of AI and Nvidia ( NVDA ) continue to fire on all
cylinders and the outlook for next year is positive," said
Anthony Saglimbene, chief market strategist at Ameriprise
Financial.
Some investors were unimpressed that the forecast was its
slowest in seven quarters.
The broader Philadelphia SE Semiconductor index
climbed 1.6%.
The Dow Jones Industrial Average rose 461.88 points,
or 1.06%, to 43,870.35, the S&P 500 gained 31.60 points,
or 0.53%, to 5,948.71 and the Nasdaq Composite gained
6.28 points, or 0.03%, to 18,972.42.
Alphabet slid 4.7% to touch a four-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 was the biggest sectoral decliner,
falling 1.73%. Utilities stocks led the S&P higher.
Amazon.com ( AMZN ) fell 2.2% 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.
On the data front, a weekly report on jobless claims showed
they fell unexpectedly last week, suggesting a rebound in job
growth in November.
Investors will be closely monitoring commentary from Federal
Reserve officials before the mid-December FOMC meeting.
Money-market bets favor a 25-basis-point interest rate cut
by the Fed in December, according to the CME Group's FedWatch.
"We've moved on from the election a bit, we got the Nvidia ( NVDA )
report, so the next thing markets will look for is the Fed
meeting, and some policy speak from Fed officials this week have
pointed to maybe a pause in the making for December," Saglimbene
said.
Richmond Fed President Tom Barkin said the United States is
more vulnerable to inflationary shocks than in the past,
according to a media report.
Chicago Federal Reserve President Austan Goolsbee said on
Thursday he supports further interest rate cuts and is open to
doing them more slowly.
Traders also monitored geopolitical tensions between Ukraine
and Russia that sent crude prices higher and aided a 0.8% gain
in the energy sector.
Shares of machinery manufacturer Deere gained 8%
after reporting an upbeat fourth-quarter profit, while AI
company Snowflake jumped 32.7% after raising its annual
product revenue forecast.
Advancing issues outnumbered decliners by a 3.17-to-1 ratio
on the NYSE. There were 380 new highs and 88 new lows on the
NYSE.
On the Nasdaq, 2,875 stocks rose and 1,444 fell as advancing
issues outnumbered decliners by a 1.99-to-1 ratio. The S&P 500
posted 67 new 52-week highs and four new lows while the Nasdaq
Composite recorded 138 new highs and 149 new lows.
Volume on U.S. exchanges was 15.32 billion shares, compared
with the 14.55-billion average for the full session over the
last 20 trading days.
 
				 
				 
				