The major US stock indices are opening lower with the NASDAQ index leading the way. The market awaits the Fed minutes at 2 PM ET followed by probably the most important release for the week, Nvidia earnings after the close. Shares of Nvidia are currently down -1.5% (they were down over 2.5% just a minute ago).
Amazon shares are up $2.60 or 1.5% after replacing Walgreens and the Dow 30.
A snapshot of the market currently shows:
- Dow Industrial Average -153 points or -0.40% at 38408.61
- S&P index -14 points or -0.28% at 4962
- NASDAQ index -66.15 points or -0.45% at 1559.50
The small-cap Russell 2000 is down -10.66 points or -0.53% at 1993.47.
Some of the large-cap favor stocks are showing mixed results:
- Adobe -0.80%
- Amazon +1.33%
- Nvidia -1.10%
- Super Microcomputers -4.01%
- Meta–1.64%
- Apple +0.48%
- Alphabet unchanged
- Crowd Strike -10.88%
- Intel -1.30%
- AMD -1.04%
- Arm Holdings -1.77%
- Tesla +1.26%
Palo Alto networks which reported after the close yesterday and announced disappointing for guidance is down a whopping 24.88%