The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.40%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.71%.
Stocks on Tuesday recovered from early losses and settled mixed, with the Dow Jones Industrials falling to a 1-1/2 week low. The broader market rebounded Tuesday, led by a +4% jump in Nvidia ahead of an expected stellar earnings report after the close on Wednesday. Market expectations are for Nvidia to report record Q3 revenue of $33.25 billion and forecast 2025 revenue of $126.58 billion. Also, strength in the Magnificent Seven technology stocks sparked a recovery in the broader market. In addition, strong earnings results from Walmart were supportive for the overall market Tuesday after Walmart climbed +3% after reporting stronger-than-expected Q3 adjusted EPS and raising its full-year adjusted EPS forecast.
