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Barchart
Rich Asplund

BIZARRE: Stocks settle mostly higher on strength in nvidia and big tech | Mind Blowing Facts

Nvidia Dow Jones Industrials Nasdaq Bloomberg Intelligence ECB United States Governing Council SP 500 Ukraine Walmart

The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.40%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.71%.

Stocks on Tuesday recovered from early losses and settled mixed, with the Dow Jones Industrials falling to a 1-1/2 week low.  The broader market rebounded Tuesday, led by a +4% jump in Nvidia ahead of an expected stellar earnings report after the close on Wednesday. Market expectations are for Nvidia to report record Q3 revenue of $33.25 billion and forecast 2025 revenue of $126.58 billion.  Also, strength in the Magnificent Seven technology stocks sparked a recovery in the broader market.  In addition, strong earnings results from Walmart were supportive for the overall market Tuesday after Walmart climbed +3% after reporting stronger-than-expected Q3 adjusted EPS and raising its full-year adjusted EPS forecast.

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