Stock market today: Dow, S&P 500, Nasdaq edge higher with Nvidia earnings in sight
Published On Feb 24, 2025, 9:33 AM
US stocks rebounded on Monday following a recent sell-off, as investors anticipated Nvidia's earnings report. The Dow Jones rose 0.5%, while the S&P 500 and Nasdaq Composite each gained 0.4%. Nvidia's performance is under scrutiny due to potential impacts from Trump's tariffs. In other news, Apple plans to invest over $500 billion in the US over the next four years, focusing on AI and manufacturing, despite a slight dip in its stock price. The week ahead will feature key economic reports that could influence market conditions.
Stock Forecasts
NVDA
Positive
Nvidia's upcoming earnings report is crucial, as the stock has recently rallied amid tech sector recovery. If the earnings meet or exceed expectations, the stock could see further gains, but potential tariff impacts loom large.
AAPL
Positive
Apple's significant investment in the US signifies confidence in long-term growth, despite short-term stock fluctuations. The investment may strengthen its market position amid trade uncertainties.
PLTR
Negative
Palantir's stock continues to decline due to looming Pentagon budget cuts, indicating bearish sentiment among investors regarding future earnings potential.
DPZ
Negative
Domino's missed earnings expectations, reflecting potential operational or market challenges. As a result, the stock may face continued pressure in the near term.
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