Stock market today: Nasdaq, S&P 500 eke out gains as Dow, bitcoin drop with all eyes on Nvidia earnings
Published On Feb 26, 2025, 5:03 PM
The stock market closed mixed as President Trump discussed new tariffs during a cabinet meeting, while investors awaited Nvidia's earnings report. Nvidia's Q4 earnings beat expectations, reporting $39.3 billion in revenue and $0.89 EPS, causing shares to rise about 4% in after-hours trading. The tech-heavy Nasdaq Composite gained around 0.3%, but the Dow Jones fell 0.4%, influenced by fears of tariffs on EU auto imports and over a 4% drop in Bitcoin prices. Nvidia's strong results and favorable guidance may provide upward momentum for tech stocks, despite ongoing concerns regarding tariffs and market volatility.
Stock Forecasts
NVDA
Positive
Nvidia reported strong earnings and guidance, which may propel its stock further as it has historically reacted positively to earnings beats. The beating of expectations, particularly in data center revenue, signals strong future performance as AI demand grows. However, caution remains due to ongoing tariff threats that could affect profitability.
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