Stock market today: Nasdaq jumps as Nvidia surges before earnings, Wall Street shrugs off Russia-Ukraine tensions
Published On Nov 19, 2024, 4:05 PM
On Tuesday, US stocks closed with mixed results as concerns over the Russia-Ukraine war subsided. The Nasdaq Composite outperformed, largely driven by a nearly 5% rise in Nvidia's shares due to optimistic earnings forecasts. Meanwhile, the Dow Jones fell about 0.3%, and the S&P 500 gained 0.4%. In other news, Walmart's shares increased nearly 4% after exceeding earnings expectations, while Amer Sports rose over 3% after reporting strong quarterly results despite potential tariff impacts on future pricing.
Stock Forecasts
NVDA
Positive
Nvidia's positive performance and bullish outlook from analysts suggest continued growth, driven by high demand for AI chips.
WMT
Positive
Walmart's consistent earnings growth amid a challenging retail environment indicates stability and potential upward momentum, especially with its raised guidance.
AS
Positive
Amer Sports' stock has reacted positively to news of Earning results despite tariffs concerns; its performance may continue as consumers navigate pricing adjustments.
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