Nasdaq, S&P 500 Tip to Upside
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Nvidia's stock has reversed course
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US stocks gave up early gains to end lower after economic and rate uncertainty topple strong earnings from AI darling Nvidia and retail giant Walmart.
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Is a Stock Market Crash Coming? 3 Simple Moves to Make Right Now to Protect Your Investments
The tides of investor sentiment seem to be shifting, with more investors feeling pessimistic about the future. Just under 50% of U.S. investors are "bearish" about the next six months, according to the most recent weekly survey from the American Association of Individual Investors, with only around 32% feeling "bullish."
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Stock Market Live November 20: S&P 500 (VOO) Surges on Strong Jobs, Nvidia Reports
This article will be updated throughout the day, so check back often for more daily updates. Everything that could go right to drive the stock market higher today, appears to be going right, and the Vanguard S&P 500 ETF (NYSEMKT: VOO) is up 1.
Tech stocks were getting snapped up early Thursday by investors after Nvidia Corp's earnings gave the AI trade its groove back. Nvidia shares were up more than 4% in early trade, while the S&P 500's tech sector was 2.
AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.
Nvidia falls 3%, jobs report adds to concern that Fed won't cut rates in December
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'Landmark partnership': Singapore's SGX ties up with Nasdaq for dual listings to boost stock market
Effectively, companies that meet the market cap threshold only need to fill a single set of paperwork that could fulfill the regulations on both exchanges.
Better still, Oddity's gross margin improved to 71.6%, up from 69.9% in the prior-year period. Oddity's adjusted net income, in turn, leaped 26% to $25 million, or $0.40 per share. That was well above Wall Street's estimates, which had called for per-share profits of $0.35.
Fears about the artificial intelligence boom turning into an overblown bubble have diminished for now, thanks to a stellar earnings report from Nvidia.
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Stock Market Today: Dow Skids, AI Play Dives As Peter Thiel Exits; Netflix Divvies Up Its Shares (Live Coverage)
The Dow Jones index fell on the stock market today. Lithium stocks rose on bullish commentary. Alphabet jumped on a Warren Buffett move but Peter Thiel dumped a key AI stock.
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