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● TRACKER Updated 21d ago · 5 sources tracked

Stock Market Today: Nasdaq Leads Charge As Nvidia Rises; TurboTax Maker Slides (Live Coverage)

The Nasdaq is leading market gains as Nvidia shares rise ahead of the company's upcoming earnings report. The Dow and S&P 500 are also edging higher, with chip stocks seeing a jump in anticipation of both Nvidia's results and new inflation data. While technology stocks climb, the maker of TurboTax is experiencing a slide. Global oil prices currently remain below $88 a barrel. Investors are monitoring these catalysts to determine if the market can maintain its current momentum.

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  • ✓ The Nasdaq is leading market gains as Nvidia shares rise.
  • ✓ The Dow and S&P 500 are edging higher.
  • ✓ Global oil prices are below $88 a barrel.
🛡️ Source Corroboration: 5 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Chip stocks jumped a day before Nvidia results and inflation data are released.

Live updates

  1. Nasdaq Rises as Investors Anticipate Nvidia Earnings and Inflation Data

    The Nasdaq is leading market gains as Nvidia shares rise ahead of the company's upcoming earnings report. The Dow and S&P 500 are also edging higher, with chip stocks seeing a jump in anticipation of both Nvidia's results and new inflation data. While technology stocks climb, the maker of TurboTax is experiencing a slide. Global oil prices currently remain below $88 a barrel. Investors are monitoring these catalysts to determine if the market can maintain its current momentum.

    Why it matters

    Nvidia earnings and Federal Reserve policy decisions are viewed as critical drivers for current market direction. A failure by either to meet expectations could create a double blow for stocks. Trade war tensions also remain a factor for investment strategies this week.

    What is confirmed

    • The Nasdaq is leading market gains as Nvidia shares rise.
    • The Dow and S&P 500 are edging higher.
    • Global oil prices are below $88 a barrel.

    Still unconfirmed

    • The maker of TurboTax is sliding.
    • Stock markets face a double blow if Nvidia and the Fed fail to deliver.

    What to watch next

    • Nvidia earnings report
    • Upcoming inflation data
    • Federal Reserve policy announcements
    Sources used for this update (5)
    1. Barron's — Stock Markets Face Double Blow if Nvidia and the Fed Fail to Deliver and 4 Other Things to Know Today
    2. CNBC — From Nvidia earnings to trade war tape bombs, a simple strategy could be this week's best bet
    3. MarketWatch — Stock Market Today: Dow and S&P 500 edge higher, chip stocks jump a day ahead of Nvidia results and inflation data; global oil prices below $88 a barrel
    4. Investor's Business Daily — Stock Market Today: Nasdaq Leads Charge As Nvidia Rises; TurboTax Maker Slides (Live Coverage)
    5. Seeking Alpha — 3 things to look out for on Wednesday (SP500:)
    confidence 90%
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