Dollar strengthens, stocks mostly flat over lack of triggers [Video]

Global stocks were mostly flat or lower Wednesday while the dollar strengthened ahead of an eagerly anticipated report from artificial intelligence giant Nvidia that showed it crushed its earnings expectations.

Following a down day in Tokyo and on European bourses, equities had a choppy session in New York, with the S&P 500 finishing flat.

“Now that the initial post-election euphoria has faded, it is clear that markets are struggling for a catalyst to provoke a new rally,” said market analyst Chris Beauchamp at online trading platform IG, referring to the US presidential poll.

One day after Walmart impressed investors with a bullish report ahead of the US holiday shopping season, Target lost more than one-fifth of its market value as the retailer projected flat comparable sales in the coming quarter.

The war in Ukraine has also burst back into the thoughts of traders this week after the outgoing administration of …