US close: Stocks mixed, Nvidia earnings in focus
By Iain Gilbert
Date: Wednesday 26 Feb 2025
(Sharecast News) - Major indices turned a mixed performance on Wednesday as investors digested earnings from AI-darling Nvidia after the close.
At the close, the Dow Jones Industrial Average was down 0.43% at 43,433.12, while the S&P 500 advanced 0.01% to 5,956.06 and the Nasdaq Composite saw out the session 0.26% firmer at 19,075.26.
The Dow closed 188.04 points lower on Wednesday, reversing 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 numbers from bellwether Nvidia after the close looked set to be the next major market catalyst, with the chipmaker posting Q4 earnings that beat Wall Street estimates on both the top and bottom lines and telling investors that Q1 revenues were also likely to come in ahead of current consensus estimates. Nvidia's earnings and forward guidance were both seen as especially important 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.
Also in focus on Wednesday was further uncertainty regarding Donald Trump's trade policy after he stated that tariffs against Canada and Mexico would soon take effect and also claimed he would soon expand his trade war to include 25% tariffs on goods imported from the European Union.
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
Walt Disney Co. (DIS) $111.83 1.18%
Cisco Systems Inc. (CSCO) $64.08 0.99%
American Express Co. (AXP) $295.89 0.94%
Walgreens Boots Alliance, Inc. (WBA) $11.04 0.87%
3M Co. (MMM) $147.43 0.61%
JP Morgan Chase & Co. (JPM) $258.79 0.54%
Salesforce.Com Inc. (CRM) $307.33 0.47%
Goldman Sachs Group Inc. (GS) $617.82 0.47%
Caterpillar Inc. (CAT) $342.58 0.06%
Microsoft Corp. (MSFT) $399.77 0.00%
Dow Jones - Fallers
Boeing Co. (BA) $173.04 -2.93%
Apple Inc. (AAPL) $240.36 -2.91%
Amgen Inc. (AMGN) $306.38 -2.32%
Merck & Co. Inc. (MRK) $89.38 -2.24%
McDonald's Corp. (MCD) $304.27 -2.08%
Johnson & Johnson (JNJ) $163.08 -1.81%
Walmart Inc. (WMT) $96.20 -1.53%
Travelers Company Inc. (TRV) $248.85 -1.45%
Unitedhealth Group Inc. (UNH) $463.59 -1.44%
Intel Corp. (INTC) $23.52 -1.36%
S&P 500 - Risers
Intuit Inc. (INTU) $625.51 11.29%
NRG Energy Inc. (NRG) $113.33 10.63%
CenturyLink Inc. (LUMN) $4.71 6.08%
Arista Networks Inc. (ANET) $96.38 3.77%
Gap Inc. (GAP) $23.29 3.65%
Akamai Technologies Inc. (AKAM) $79.58 3.48%
Eaton Corporation plc (ETN) $297.35 3.41%
Freeport-McMoRan Inc (FCX) $37.98 3.24%
Sempra Energy (SRE) $72.85 3.13%
Tapestry Inc. (TPR) $86.56 3.01%
S&P 500 - Fallers
Advance Auto Parts (AAP) $37.70 -17.83%
Centene Corp. (CNC) $56.83 -7.22%
Keysight Technologies Inc. (KEYS) $160.36 -6.86%
Dollar General Corp (DG) $74.13 -5.59%
HF Sinclair Corporation (DINO) $34.49 -5.48%
Henry Schein Inc. (HSIC) $72.54 -4.96%
Universal Health Services Inc. (UHS) $180.12 -4.70%
Ipg Photonics Corp. (IPGP) $59.58 -4.61%
Extra Space Storage (EXR) $153.94 -4.57%
Paypal Holdings Inc (PYPL) $72.05 -4.44%
Nasdaq 100 - Risers
Qvc Group Inc Series A (QVCGA) $0.40 12.57%
Intuit Inc. (INTU) $625.51 11.29%
Workday, Inc. (WDAY) $271.09 6.49%
JD.com, Inc. (JD) $42.53 6.42%
Trip.com Group Limited (TCOM) $58.61 3.63%
Liberty Global plc Series A (LBTYA) $11.70 2.54%
Check Point Software Technologies Ltd. (CHKP) $220.92 2.39%
Micron Technology Inc. (MU) $97.71 2.12%
Nvidia Corp. (NVDA) $131.28 2.00%
Asml Holdings N.V. (ASML) $746.93 1.80%
Nasdaq 100 - Fallers
Tesla Inc (TSLA) $290.80 -8.48%
Henry Schein Inc. (HSIC) $72.54 -4.96%
Paypal Holdings Inc (PYPL) $72.05 -4.44%
Charter Communications Inc. (CHTR) $353.48 -4.36%
Comcast Corp. (CMCSA) $35.10 -3.97%
Kraft Heinz Co. (KHC) $30.62 -3.74%
Mondelez International Inc. (MDLZ) $63.45 -3.36%
Verisk Analytics Inc. (VRSK) $288.03 -3.25%
Regeneron Pharmaceuticals Inc. (REGN) $706.94 -3.16%
Apple Inc. (AAPL) $240.36 -2.91%
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