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

Nvidia's positive performance and bullish outlook from analysts suggest continued growth, driven by high demand for AI chips.

Walmart's consistent earnings growth amid a challenging retail environment indicates stability and potential upward momentum, especially with its raised guidance.

Amer Sports' stock has reacted positively to news of Earning results despite tariffs concerns; its performance may continue as consumers navigate pricing adjustments.

Related News

Nvidia stock rose as much as 4% on Tuesday following a series of bullish notes from Wall Street analysts ahead of its earnings report.

The bellwether retailer reported higher-than-expected sales in its latest quarter and upgraded its forecast for the rest of the year.

Worries about a nuclear escalation to the Russia-Ukraine war rattled markets, stealing focus from Nvidia and Walmart earnings.

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