Market Snapshot
S&P 500 (SPY) — 766.08 (+0.02%) [Twelve Data] · Nasdaq 100 (QQQ) — 711.37 (+0.09%) [Twelve Data] · Dow Jones (DIA) — 534.23 (-0.19%) [Twelve Data] · Gold (GLD) — 421.32 (-1.58%) [Twelve Data] · US Oil (USO) — 127.35 (+0.95%) [Twelve Data] · Bitcoin — 79,466.52 (+1.36%) [Binance US] · Ethereum — 2,503.40 (+1.61%) [Binance US] · Solana — 103.86 (+7.16%) [Binance US]
Stock Markets
US equities closed mixed Wednesday before rallying in after-hours trading on Nvidia's earnings beat. The S&P 500 finished essentially flat at 7,675.70, while the Nasdaq Composite slipped 0.08% to 26,130.20, according to CNBC. The Dow declined modestly. Investors had braced for a less-than-perfect Nvidia report, pulling stocks lower during regular hours, according to the Wall Street Journal.
Nvidia shares surged more than 4% in extended trading after the chip behemoth reported second-quarter results and issued a bullish forecast. The company expects revenue to grow 70% for its next fiscal year, a sign that demand for its AI chips remains robust, according to the Wall Street Journal. The outlook managed to renew investor confidence in the AI boom, which has been a key driver of equity gains this year.
