· 12h · on MSN
S&P 500 ends barely changed; Nvidia shares up after the bell
Stock Market Today: Nasdaq, S&P 500 Turn Lower Ahead of Nvidia's Earnings
Nvidia will report its fourth-quarter earnings after the market closes today. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Technology Pushes S&P 500, Nasdaq Higher Ahead of Nvidia's Earnings
US benchmark stock indexes traded mixed after midday Wednesday, with technology at the top of sector charts and consumer staples at the bottom ahead of Nvidia's (NVDA) quarterly earnings. The Nasdaq Composite jumped 0.
Shares of Nvidia (NASDAQ: NVDA) gained ground on Wednesday, climbing as much as 5.6%. As of 11:37 a.m. ET, the stock was up 4.5%. The catalyst that sent the artificial intelligence (AI) chipmaker higher was a report that suggested demand remained high for the company's processors in an important market.
The Nasdaq Composite fell more than 1% on Monday, with big technology stocks creating the biggest drag as investors worried about demand for technology supporting artificial intelligence while they waited for results from market heavyweight Nvidia.
STORY: The S&P 500 ended little changed on Wednesday ahead of Nvidia's highly anticipated quarterly earnings, while the Dow dropped less than half a percent and the Nasdaq ticked up modestly.Reporting after the market close,
PCE inflation data, Fed speakers, more earnings will be in focus this week. • Nvidia’s robust performance in the burgeoning AI space and strong guidance position it as a clear buy. • Lowe’s’ struggles with near-term profitability and market headwinds suggest that its stock may be best avoided for now.
Meanwhile, the U.S. dollar strengthened and Treasury yields -- which typically move inversely to prices -- edged up as markets gauged the latest developments around Trump's tariff plans and the outlook for the wider economy (more below). Bitcoin also fell.
Nvidia leads in the chip realm, but there may be a better stock looming in the background.
The stock market remains on edge regarding the impact of Nvidia's (NASDAQ: NVDA) highly anticipated Q4 earnings report on February 26.
7h
Irish Examiner on MSNNvidia sales surge in the fourth quarter on demand for AI chipsNvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialised Blackwell chips, which power artificial intelligence (AI) systems, continued to grow, sending the company’s stock higher after hours.
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