Stocks Mostly Lower as Nvidia Earnings Fail to Impress

The S&P 500 Index ($SPX) (SPY) today is down -0.35%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.75%.  March E-mini S&P futures (ESH26) are down -0.40%, and March E-mini Nasdaq futures (NQH26) are down -0.80%.

Stock indexes are mixed today, with the Dow Jones Industrials posting a 1-week high.  The broader market is under pressure today as Nvidia’s earnings failed to alleviate concerns about an overheated AI economy, which is weighing on chipmakers and AI-infrastructure stocks.  Although Nvidia easily beat Q4 earnings estimates and forecast a Q1 outlook above expectations, the stock is down more than 3% as it still faces uncertainty from China and will continue to exclude data center revenue in China from its forecasts due to concerns about Chinese government approval.