US open: Stocks higher ahead of Nvidia earnings
By Iain Gilbert
Date: Wednesday 26 Feb 2025
(Sharecast News) - Major indices were in the green early on Wednesday as investors looked ahead to earnings from AI-darling Nvidia after the close.
As of 1550 GMT, the Dow Jones Industrial Average was up 0.48% at 43,830.90, while the S&P 500 advanced 0.76% to 6,000.40 and the Nasdaq Composite came out the gate 1.05% firmer at 19,226.11.
The Dow opened 209.74 points higher on Wednesday, extending gains recorded in the previous session despite weaker-than-expected consumer confidence numbers.
Disappointing retail figures, as well as the consumer sentiment reading, have increased investors' fears regarding the state of the US economy of late. However, quarterly earnings from market bellwether Nvidia after the close will likely be the next major market catalyst, especially as they come hot on the heels of the emergence of Chinese contender DeepSeek, which raised questions about the sustainability of the artificial intelligence trade.
On the macro front, mortgage applications decreased by 1.2% in the week ended 21 February, according to the Mortgage Bankers Association of America, Applications to refinance a mortgage fell by 4%, while applications to purchase a new home were flat.
Elsewhere, US new home sales fell 10.5% to a seasonally adjusted annualised rate of 657,000 in January, according to the Census Bureau, missing market expectations for a reading of 680,000 and marking the lowest level seen in three months amid pressures from persistently high mortgage rates.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Walgreens Boots Alliance, Inc. (WBA) $11.23 2.56%
Walt Disney Co. (DIS) $112.60 1.87%
Cisco Systems Inc. (CSCO) $64.61 1.83%
Salesforce.Com Inc. (CRM) $311.26 1.76%
American Express Co. (AXP) $297.72 1.49%
Caterpillar Inc. (CAT) $346.45 1.19%
JP Morgan Chase & Co. (JPM) $260.20 1.09%
Home Depot Inc. (HD) $397.41 1.05%
3M Co. (MMM) $147.97 0.98%
Goldman Sachs Group Inc. (GS) $620.40 0.89%
Dow Jones - Fallers
Apple Inc. (AAPL) $243.09 -1.81%
Merck & Co. Inc. (MRK) $89.82 -1.76%
Intel Corp. (INTC) $23.47 -1.59%
Johnson & Johnson (JNJ) $163.69 -1.44%
McDonald's Corp. (MCD) $307.54 -1.02%
Coca-Cola Co. (KO) $70.79 -0.99%
Boeing Co. (BA) $177.12 -0.65%
Verizon Communications Inc. (VZ) $43.44 -0.63%
Travelers Company Inc. (TRV) $251.09 -0.56%
Amgen Inc. (AMGN) $311.92 -0.55%
S&P 500 - Risers
Intuit Inc. (INTU) $623.41 10.92%
NRG Energy Inc. (NRG) $113.16 10.46%
CenturyLink Inc. (LUMN) $4.82 8.56%
Arista Networks Inc. (ANET) $97.03 4.47%
Freeport-McMoRan Inc (FCX) $38.27 4.11%
Eaton Corporation plc (ETN) $298.29 3.73%
Royal Caribbean Cr (RCL) $246.30 3.67%
Gap Inc. (GAP) $23.26 3.54%
Quanta Services Inc. (PWR) $273.56 3.47%
Ralph Lauren Corp (RL) $277.40 3.44%
S&P 500 - Fallers
Advance Auto Parts (AAP) $39.81 -13.23%
Keysight Technologies Inc. (KEYS) $160.63 -6.70%
Centene Corp. (CNC) $57.81 -5.74%
Diamondback Energy Inc. (FANG) $151.64 -4.85%
Charter Communications Inc. (CHTR) $352.04 -4.75%
Extra Space Storage (EXR) $155.35 -3.68%
Kraft Heinz Co. (KHC) $30.65 -3.65%
Hershey Foods Corp. (HSY) $172.20 -3.61%
Advanced Micro Devices Inc. (AMD) $104.36 -3.54%
Dollar General Corp (DG) $75.88 -3.44%
Nasdaq 100 - Risers
Intuit Inc. (INTU) $623.41 10.92%
Qvc Group Inc Series A (QVCGA) $0.40 10.81%
Workday, Inc. (WDAY) $274.00 7.64%
JD.com, Inc. (JD) $42.95 7.47%
Trip.com Group Limited (TCOM) $59.57 5.33%
Check Point Software Technologies Ltd. (CHKP) $222.53 3.14%
Amazon.Com Inc. (AMZN) $217.10 2.76%
Walgreens Boots Alliance, Inc. (WBA) $11.23 2.56%
Baidu Inc. (BIDU) $90.19 2.48%
Meta Platforms Inc. (META) $678.07 2.27%
Nasdaq 100 - Fallers
Tesla Inc (TSLA) $298.22 -6.14%
Charter Communications Inc. (CHTR) $352.04 -4.75%
Kraft Heinz Co. (KHC) $30.65 -3.65%
Comcast Corp. (CMCSA) $35.33 -3.32%
Henry Schein Inc. (HSIC) $74.04 -3.01%
Paypal Holdings Inc (PYPL) $73.17 -2.95%
Verisk Analytics Inc. (VRSK) $289.13 -2.88%
Mondelez International Inc. (MDLZ) $63.92 -2.63%
T-Mobile Us, Inc. (TMUS) $264.10 -2.35%
Biogen Inc (BIIB) $140.81 -2.15%
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