Stock market today: Dow, S&P 500, Nasdaq futures mixed after Nvidia earnings beat
Published On Feb 26, 2025, 7:17 PM
The U.S. stock market saw mixed futures on Wednesday evening following Nvidia's strong earnings report that surpassed Wall Street expectations. Nvidia's stock surged by 4% initially on the news, highlighting robust sales of its Blackwell chips. Meanwhile, broader market indicators showed S&P 500 and Nasdaq futures ticking up slightly, while Dow futures remained below baseline. Investors are currently focused on upcoming economic data releases, including U.S. GDP and weekly jobless claims, as well as earnings reports from companies like Dell and Warner Bros. Discovery. There is caution in the market stemming from recent volatility in cryptocurrency values, particularly Bitcoin, which fell significantly in relation to investor risk appetites.
Stock Forecasts
NVDA
Positive
Nvidia's sustained momentum and positive earnings guidance suggest strong prospects in the tech sector. Given the volatile market, investors might also seek safer assets related to broader economic indicators and incoming economic data.
SPY
Neutral
The overall economic uncertainty and fluctuating investor sentiment could weigh down on traditional indices in the short term. Consequently, broader ETF options might see mixed performance based on market reactions to upcoming economic data releases.
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