Stock Market Drags; Target Sinks After Retailers Post Earnings

 Stock Market Drags; Target Sinks After Retailers Post Earnings

The U.S. stock market pared losses as the Nasdaq turned higher in midday trading Wednesday. Apple (AAPL) rose past a new buy point while retailers remained mixed after earnings reports.




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Stock market indexes were off session lows and the Nasdaq composite climbed entirely out of the hole, up a fraction.

The Dow Jones Industrial Average fell 0.4%. Visa was the Dow’s poorest performer after gapping down 5.5% to a February low. Amazon.com (AMZN) will stop accepting U.K.-issued Visa credit cards starting in January, saying Visa’s transactions fees are excessively high.

Also in the Dow, JPMorgan Chase (JPM) dipped below its 50-day moving average but remains above its most recent buy point at 163.93.

The S&P 500 reduced its loss to 0.1%. Small caps lagged as the Russell 2000 slid more than 1%.

Volume was lower on the Nasdaq and higher on the NYSE compared with the same time on Tuesday.

U.S. Stock Market Today…

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