Stock market today: S&P 500, Nasdaq futures inch upwards after Nvidia-led sell-off
Published On Feb 27, 2025, 7:13 PM
US stock futures for the S&P 500 and Nasdaq have edged up after a substantial sell-off led by Nvidia's disappointing earnings report, which caused its stock to drop more than 8%. Despite better-than-expected overall earnings, Nvidia's forecast fell short of Wall Street expectations, contributing to a loss of market cap under $3 trillion. Other companies, such as Dell and HP, also felt pressure, with HP shares dropping 4% in after-hours trading. Market sentiment remains cautious as traders eye upcoming tariff announcements from President Trump and the release of the Personal Consumer Expenditures (PCE) index, which is a key inflation indicator for the Federal Reserve.
Stock Forecasts
NVDA
Negative
Nvidia's recent earnings miss has raised concerns about future growth, which may continue to pressure its stock in the short term. However, the slight recovery in after-hours trading suggests some investors may see it as a buying opportunity at a lower price point. Overall, cautious market sentiment remains as investors await potential tariff impacts and economic indicators.
DELL
Negative
Dell's flat stock performance following their earnings report indicates that concerns around costs, especially related to AI, could impede growth in the near term. Investors may want to watch closely for further developments in this sector before making significant moves.
HPQ
Negative
HP's drop in after-hours trading despite meeting earnings expectations suggests that concerns over tariff impacts are weighing heavily on investor sentiment. A negative outlook could continue to pressure the stock.
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