Friends
Stocks were slightly higher by the close today, but the important thing is what comes after the close – Nvidia’s earnings report. As we know Nvidia drives the AI trade and the stock represents almost 8% of the S&P 500 and almost 10% of the Nasdaq 100. So yes, this is a very important earnings release.
As for today, by the close the Dow Jones Industrial Average was up 47 points to finish the day at 46,138. The S&P 500 was up 24 points to close at 6,642. The Nasdaq Composite Index was up 131 points to close at 22,564. Gold was up $12 to trade at $4,078 per ounce, while oil was down $1.28 to trade at $59.46 per barrel WTI.
As I mentioned yesterday, Nvidia’s earnings release and the market’s response are likely to set the tone for the remainder of the week and possibly beyond. We’ll let you know how it all plays out tomorrow. Stay tuned.
Have a nice evening everyone.
