Investors Unimpressed by NVIDIA Report, Wall Street Remains Steady

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On Thursday, US stocks were mostly flat after Nvidia reported its earnings.


In trading on Wednesday, the Dow Jones Industrial Average rose 0.32%, while the S&P 500 was barely changed, and the Nasdaq fell slightly by 0.11%.


The move was driven by a combination of corporate earnings and ongoing concerns about global conflict, especially after reports that Ukraine had used British Storm Shadow long-range missiles to strike Russian territory.


Although Nvidia beat expectations and offered a strong forecast, its shares were still down more than 1% in after-hours trading.


Investors were hoping for something bigger, especially since Nvidia has become a major player in the artificial intelligence (AI) market.


Meanwhile, Snowflake, a company specializing in data analytics software, jumped 20% after reporting better-than-expected results.


Today, the market's attention turned to economic updates such as unemployment claims data and US home sales data.


Investors are also awaiting views from Federal Reserve (Fed) officials and financial updates from big names like Gap and Intuit.

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