NVIDIA helps drag the US stock market
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Stock market today: Dow turns positive after Nvidia earnings; chip spinoff soars (live coverage)
Stock indexes turn lower Thursday, with Nvidia stock pulling back from a post-earnings advance.
Stock futures slipped Thursday night after the S&P 500 closed lower, dragged down by losses in Nvidia. Traders also looked ahead to an inflation reading due Friday morning. Futures tied to the Dow Jones Industrial Average dropped 268 points, or 0.5%. S&P 500 futures fell 0.4%, while Nasdaq 100 futures slid 0.4%.
US stock market today shows a sharp split. The Dow Jones rose 174 points to 49,656. The Nasdaq fell 146 points. The S&P 500 slipped 0.28%. This market divergence followed Nvidia stock dropping over 2% despite strong earnings.
The worst day for Nvidia’s stock since last spring dragged the U.S. market lower, even though most stocks rose. The S&P 500 fell 0.5% Thursday.
ServiceNow has underperformed the Dow recently, yet analysts remain highly optimistic about the stock’s prospects.
Does the Dow perform differently than the S&P and Nasdaq during market crashes due to its smaller size? Here's what history tells us.
Old-school stocks have been outperforming this year as investor anxiety around the "AI economy" runs high. As February draws to a close, the Dow Jones Industrial Average is on pace for a 21.3% gain and 10 straight months of gains,
The Dow Jones Industrial Average slid 821.91 points, or 1.66%, to close at 48,804.06. The S&P 500 dropped 1.04% to 6,837.75, while the Nasdaq Composite declined 1.13% to 22,627.27.