Stock market today: Nasdaq, S&P 500 eke out gains as Dow, bitcoin drop with all eyes on Nvidia earnings

Nvidia has demonstrated strong earnings performance and a positive outlook which is likely to sustain momentum in its stock price despite external pressures such as potential tariffs. Given its position as a leader in AI chip production and robust data center revenues, investors may find Nvidia an attractive buy in the coming periods as it continues to innovate and capture market share in the technology sector.

The tariffs announced by President Trump could create a challenging environment for some sectors, potentially leading to bearish sentiment in the broader market. If investors react negatively to the uncertainty surrounding trade and its potential effects on companies' valuations, it may impact related sectors negatively. However, the broader impact on technology stocks like Nvidia could be mitigated by their strong fundamentals.