Stock Market Today: Major Indexes Pull Back, Oil Gains on Iran Peace Deal Blow; Walmart Sinks, Nvidia Slips After Earnings Reports
Major stock indexes fell on Thursday as oil prices rebounded on faded hopes of a peace deal between the U.S. and Iran. Nvidia posted better-than-expected results and issued rosy revenue guidance, but shares were down 1.8% after the earnings report.
Major stock indexes fell on Thursday, with the tech-heavy Nasdaq Composite, benchmark S&P 500, and blue-chip Dow Jones Industrial Average declining 0.6%, 0.4%, and 0.3%, respectively. Oil prices rebounded on faded hopes of a peace deal between the U.S. and Iran, with West Texas Intermediate futures up 3.5% to $101.65 a barrel. Nvidia posted better-than-expected results and issued rosy revenue guidance, but shares were down 1.8% after the earnings report. Other notable movers included IBM, which jumped 7.5% after receiving a $1 billion CHIPS and Science Act award, and Walmart, which sank 7.5% after its earnings report. Intuit stock sank 20% after announcing plans to lay off 17% of its workforce. Elon Musk's SpaceX made its S-1 filing with the Securities and Exchange Commission late yesterday, poised to list as soon as next month.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.