Stock market today: Dow, S&P 500, Nasdaq step higher as Nvidia earnings loom large

Nvidia is a pivotal player in the tech sector, and its earnings report could signal strong momentum or a correction for tech stocks. Given the current anticipation and high trading volume, a positive earnings report could bolster its stock prices further. However, there are concerns about a valuation bubble in AI stocks, which could lead to volatility depending on the earnings outcome.

Target's recent earnings miss and conservative outlook for the holiday season have cast doubt on its stock performance. The significant drop in share price after announcing a profit warning indicates market skepticism regarding its recovery plans. Such performance could lead to continued pressure on the stock in the near term.

Comcast's strategic move to spin off its cable networks could allow it to focus more on streaming and digital content. This restructuring is generally seen as a positive strategy, likely to attract investor interest as it adapts to market changes. Hence, we can expect its stock to see upward movement with the news of the spin-off.