Stock market today: Nasdaq futures pace gains for Dow, S&P 500 after Nvidia earnings, Trump tariff vows
Published On Feb 27, 2025, 7:47 AM
US stock futures are rising following Nvidia's positive earnings report. Nvidia reported a quarterly earnings beat, despite a below-consensus guidance on profit margins that raised concerns about pricing pressure due to competition. President Trump's threats of new tariffs on the EU and reinitiating tariffs on Canada and Mexico are adding uncertainty to the market. Asian markets have reacted negatively to these trade tensions. Economic indicators, including GDP and jobless claims, are due for release, offering insights into the US economic health.
Stock Forecasts
NVDA
Positive
Nvidia's quarterly earnings beat expectations and its outlook mentions strong growth in AI, which paints a positive picture for the stock. However, investor concerns about profit margins indicate that stock volatility may persist. Investors should remain cautious due to the mixed signals from the earnings report and external factors such as trade tensions.
MRNA
Negative
Moderna's stock is reacting negatively to the report about a potential issue with its contract for bird flu vaccines. The uncertainty surrounding future contracts and pricing strategy under the Trump administration can lead to decreased investor confidence, suggesting a bearish outlook for the stock.
SNOW
Positive
Snowflake had a strong earnings report that exceeded revenue expectations indicating solid growth and customer retention. The positive sentiment could drive the stock price higher in the near term.
CRM
Negative
Salesforce's earnings miss has led to a significant drop in stock price and forwarded guidance concerns. This reflects dwindling investor confidence, making a negative outlook probable for the near term as the market reacts to the new earnings expectations.
EBAY
Negative
eBay's poor quarterly forecast was reflected in its significant drop in stock price. This trend could signal ongoing challenges in the e-commerce market and may prompt further selling pressure.
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