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Barchart
Rich Asplund

Stocks Rebound Ahead of Nvidia’s Earnings

The S&P 500 Index ($SPX) (SPY) today is up by +0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.04%.  September E-mini S&P futures (ESU25) are up +0.14%, and September E-mini Nasdaq futures (NQU25) are up +0.05%. 

Stock indexes recovered early losses today and are slightly higher on strength in software stocks, led by a +32% surge in MongoDB after reporting better-than-expected Q2 adjusted EPS and raising its 2026 adjusted EPS forecast.  Trading activity is thin as the markets await Nvidia’s earnings after the close for an update on the artificial intelligence boom.  With a $4.4 trillion market capitalization, Nvidia has an 8.1% weighting in the S&P 500, giving it significant power to impact the index. 

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