Meta, Nvidia, Intuit, Salesforce, Moderna, Abercrombie, Zoom, and More Stocks That Explain Today’s Market

Live updates

1. 19d ago

   Meta Settles Social Media Case as Nvidia Reports Record Earnings

   Meta has settled a social media legal case while Nvidia reports record earnings. Market activity is currently concentrated on several high-profile stocks including Meta, Nvidia, Intuit, Salesforce, Moderna, Zoom, and Abercrombie & Fitch. Abercrombie & Fitch exceeded financial estimates in its latest reporting. Additionally, the Core PCE price index met market expectations. These movements reflect a midday trend of significant price shifts across tech and retail sectors as investors react to corporate earnings and macroeconomic data.

   Why it matters

   The Core PCE is a primary inflation gauge used by the Federal Reserve to determine interest rate policy. Record earnings from Nvidia signal continued demand for AI hardware. Meta's legal settlement removes a specific liability from its balance sheet.

   What is confirmed

   • Meta settled a social media case.
   • Nvidia reported record earnings.
   • Abercrombie & Fitch beat financial estimates.
   • Core PCE matched expectations.

   What to watch next

   • Further price movement for Intuit, Salesforce, and Zoom
   • FDA implementation details for the newly approved pancreatic cancer drug
   Sources used for this update (6)

   1. Barron's — Meta, Nvidia, Intuit, Salesforce, Moderna, Abercrombie, Zoom, and More Stocks That Explain Today’s Market
   2. CNBC — Stocks making the biggest moves midday: Meta, Abercrombie & Fitch, Zoom, Intuit & more
   3. Seeking Alpha — Midday Need to Know: Core PCE matches expectations, Abercrombie beats estimates & more (SPY:NYSEARCA)
   4. The Business Journals — Daily Digest: Meta settles social media case, pancreatic cancer drug wins FDA approval
   5. WSJ — Stocks to Watch: Meta, Nvidia, Kohl’s
   6. The Economist — World in Brief: Nvidia’s record earnings; catastrophic floods sweep Nepal
   confidence 90%