Stock market today: Dow, S&P 500, Nasdaq diverge after Nvidia earnings, economic data
Published On Feb 27, 2025, 12:54 PM
U.S. stocks experienced volatility on Thursday, with the S&P 500 decreasing while the Dow Jones Industrial Average increased. Nvidia's earnings report indicated potential growth despite earlier concerns regarding falling AI demand, impacting its stock negatively. Initial jobless claims increased, suggesting a softening labor market as the economy grew at a 2.3% annualized rate. Domestic inflation measures and President Trump's reaffirmation of impending tariffs on Canada and Mexico, coupled with proposed increases on Chinese goods, are likely to create uncertainty in the market.
Stock Forecasts
NVDA
Negative
Nvidia's stock has faced downwards pressure despite reporting earnings that beat expectations due to concerns about future profit margins and increased competition. With the stock currently in a downward trend, it is likely to continue facing challenges due to market sentiment around AI investments.
WBD
Positive
Warner Bros. Discovery surpassed subscriber growth expectations and has promising plans for future growth in its streaming division, which could enhance its market position. Its stock price jumped after positive earnings news. Therefore, it appears to be on an upward trajectory as it continues to capitalize on streaming growth.
CRM
Negative
Salesforce's recent earnings report suggests challenges ahead due to a lower-than-expected revenue forecast for 2025. Wall Street's concerns about its AI strategy may dampen investor confidence and lead to further stock declines in the short term.
CVX
Positive
The recent news about oil prices rising from Trump's cancellation of Chevron's license could bode well for oil companies as prices are likely to stabilize or increase. Strong demand forecasts amid geopolitical uncertainties can further support oil stocks.
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