Wall Street Closes Mixed; Nvidia Leads Gains After Report
The three major Wall Street indexes ended Wednesday’s session mixed, as investors processed new remarks from U.S. President Donald Trump and awaited Nvidia’s earnings report.
The Dow Jones Industrial Average, which tracks 30 major companies, fell 0.43% to 43,433.12 points. The S&P 500 edged up 0.01% to 5,956.06 points, while the tech-heavy Nasdaq Composite gained 0.26% to close at 19,075.26.
Apple (-2.70%), the world’s most valuable company, weighed on the Dow after Trump stated that the company should end its diversity and inclusion policies. The decline was also attributed to profit-taking in the stock.
Nvidia Earnings Report
Meanwhile, Nvidia shares surged 3.67% in anticipation of its quarterly earnings, adding another 2% in after-hours trading. The chipmaker later reported profits and revenue that far exceeded analysts’ expectations.
U.S. chip and graphics card maker Nvidia closed its fiscal year in January with a net profit of $72.88 billion, marking a 144.9% increase from the previous year, the company announced.
Nvidia’s revenue hit a record $130.5 billion, up 114.2% year-over-year. This included a massive 142% surge in its data center business, reaching $115.2 billion (€109.8 billion). Meanwhile, its gaming division generated $13 billion (€12.4 billion), a 51.5% increase from the previous year.
Relevant News and Sector Performance
Trump’s comments also influenced market sentiment after he suggested that tariffs on Canada and Mexico, initially set to take effect next Tuesday, could be delayed until April. Earlier, he had announced plans to impose tariffs on copper.
Among sectors, technology, utilities, and industrials outperformed, while consumer staples and telecommunications lagged. Within the Dow, Nvidia led the gainers, followed by Sherwin-Williams (+1.86%), while Boeing (-2.93%) was the worst performer.
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