Dow edges higher while Nvidia drop weighs on Nasdaq

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โดย The Motley Fool·Read original
Summary · why it matters

The Dow Jones Industrial Average edged higher at midday on July 27, while the Nasdaq Composite slipped as a decline in Nvidia shares offset optimism from cooling geopolitical tensions. The Dow was up 0.13% to 52,017.19, the S&P 500 fell 0.33% to 7,387.76, and the Nasdaq dropped 0.44% to 24,840.43. RTX Corp climbed 2.61% to $218.28 on strong second-quarter earnings, and SAP surged 7.4% to $171.79, extending last week's gains after beating earnings expectations. Reddit rose 6.7% to $171.79 on optimism ahead of its upcoming earnings report. Oil prices fell sharply, with WTI crude down almost 7% to $83.15 a barrel, following news of a pause in strikes between the U.S. and Iran, which helped lift the Dow slightly. Investors are bracing for further volatility and will be watching the Federal Reserve meeting this week, where rates are widely expected to remain unchanged, though inflationary pressures could prompt a rate increase before year-end. Renewed artificial intelligence valuation concerns also weighed on markets ahead of earnings from Microsoft, Meta Platforms, Apple, and Amazon, with investors focused on capital expenditure plans.

Impact on stocks 8

Artificial Intelligence · 4 stocks
NVIDIA Corporation
NVDA
▼ Negativerelevance

Nvidia shares declined, weighing on the Nasdaq, amid renewed AI valuation concerns ahead of big tech earnings.

Defense & Geopolitical Fragmentation · 1 stocks
RTX Corporation
RTX
▲ PositiveCapitalrelevance

RTX Corp climbed 2.61% on strong second-quarter earnings.

Cloud & Digital Infrastructure · 1 stocks
SAP SE
SAP
▲ PositiveCapitalrelevance

SAP surged 7.4%, extending last week's gains after beating earnings expectations.

Communication Services · 1 stocks
Reddit, Inc.
RDDT
▲ Positiverelevance

Reddit rose 6.7% on optimism ahead of its upcoming earnings report.

Spatial Computing / AR/VR · 1 stocks