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S&P 500, Dow trade higher

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Bitcoin nears $100,000

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Dollar rises after labor-market data

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Russia-Ukraine concerns lift gold, oil

(New throughout, updates prices with US market open, recasts

headline and first paragraph, adds analyst comments in

paragraphs 3, 7)

By Chibuike Oguh and Medha Singh

NEW YORK, Nov 21 (Reuters) - An index of global stocks

edged higher in choppy trading on Thursday as markets digested

lackluster revenue forecasts from artificial-intelligence

chipmaker Nvidia ( NVDA ), while oil prices climbed amid rising tension

from the Russia-Ukraine war.

Shares of Nvidia ( NVDA ), the world's most valuable

company and a major contributor to the gains this year in the

benchmark S&P 500, hit a record high early in the session before

reversing direction and declining about 1%. The chipmaker

forecast its slowest revenue growth in seven quarters on

Wednesday.

"(Nvidia's ( NVDA )) results are still good but I think the

disappointment came from maybe not quite as much of an upward

guide on the Q4 number for the top line," said Garrett Melson,

portfolio strategist at Natixis Investment Managers in Boston.

On Wall Street, the S&P 500 and the Dow Jones Industrial

Average were lifted by energy, industrials and consumer staples

stocks. Communication services stocks were the biggest drag on

the Nasdaq, driven by losses in Alphabet, which is

down about 6%. U.S. prosecutors argued on Wednesday that

Alphabet must divest its popular Chrome browser to end Google's

search monopoly.

The Dow rose 0.84% to 43,774.53, the S&P 500

gained 0.24% to 5,931.60 and the Nasdaq Composite

fell 0.40% to 18,890.59.

MSCI's gauge of stocks across the globe

was up 0.14% to 849 after losing ground early in

the session. European shares were up 0.37%.

"The market seems to be looking for a narrative right now

and is in a little bit of a void for any news that can shape the

direction of things," Melson added.

Bitcoin soared and is closing in on the $100,000

milestone. The world's largest cryptocurrency has benefited from

expectations that the incoming administration of President-elect

Donald Trump will be crypto-friendly. Bitcoin gained 2.52% to

$96,818.00. Ethereum rose 7.33% to $3,306.40.

Markets are also eyeing Trump's pick for Treasury secretary,

who will play a key role in implementing his agenda of tariffs,

tax cuts and deregulation.

The dollar rose in choppy trading as investors assessed

declining weekly jobless claims, suggesting labor-market

strength, and comments from two Federal Reserve governors on the

path of interest rates.

Against the Japanese yen, the dollar weakened

0.63% to 154.45 but it strengthened 0.15% to 0.885 against the

Swiss franc.

The dollar index, which measures the greenback

against a basket of currencies including the yen and the euro,

rose 0.22% to 106.84, with the euro down 0.42% at

$1.05.

Oil prices rose more than 1% after Russia and Ukraine

exchanged missiles, raising crude-supply concerns. Brent

crude futures rose 1.72% to $74.06. U.S. West Texas Intermediate

crude futures rallied 1.86% to $70.04.

Spot gold rose, on track for the fourth-consecutive

session of gains after hitting a more than one-week high. Spot

gold rose 0.73% to $2,669.18 an ounce. U.S. gold futures

rose 0.61% to $2,664.30 an ounce.