Dow Heads Above 50K Again as Stocks Gain, Nvidia Earnings, Salesforce Surprise Markets
U.S. equities closed higher for a second straight session, with the Dow maintaining its uptrend as investors reacted to earnings from Nvidia
Quick overview
- U.S. equities closed higher for the second consecutive session, with the NASDAQ leading the gains at 1.26%.
- The Dow reclaimed its 50-day simple moving average, reinforcing its upward trend and positive short-term momentum.
- Nvidia's shares rose 1.44% during the day after a strong earnings report, despite experiencing volatility post-earnings.
- Salesforce exceeded earnings expectations but saw a 3.4% drop in after-hours trading, indicating that investor expectations were already high.
Live DOW Chart
U.S. equities closed higher for a second straight session, with the Dow maintaining its uptrend as investors reacted to earnings from Nvidia and Salesforce.
Major Indices Post Second Consecutive Gain
Wall Street finished broadly higher, led by the tech-heavy NASDAQ, which climbed 1.26%. The S&P 500 advanced 0.81%, while the Dow Jones Industrial Average rose 0.63%. The Russell 2000 added 0.41%.
Dow Jones Chart Daily – The Climb Above the 50 SMA Confirms the Uptrend
The Dow continued to respect its upward trend, reclaiming its 50-day simple moving average and pushing back toward the 50,000 level, reinforcing positive short-term technical momentum.
Nvidia Jumps After Earnings Volatility
Shares of Nvidia Corporation gained 1.44% during the regular session ahead of earnings. After the closing bell, the stock briefly surged above $200 following a strong earnings release before giving back part of the advance in late trading, highlighting ongoing volatility around AI-related names.
Nvidia Earning Report
- Q1 revenue guidance $76.44B–$79.56B vs $72.78B est
- Q4 revenue $68.13B, +73% y/y, beat vs $65.91B
- Data centre revenue $62.3B, +75% y/y, ahead of estimates
- Gaming revenue $3.7B, below consensus
- Gross margin 75.2%, remains exceptionally strong
- Adjusted operating income $46.11B, +81% y/y
- Free cash flow $34.9B vs $15.5B y/y
- FY27 tax rate seen 17%–19%
Salesforce Beats Estimates but Slips After Hours
Salesforce reported earnings per share of $3.81, well above the $3.05 estimate. Revenue came in at $11.2 billion, slightly ahead of expectations. The company also announced a $50 billion share buyback and raised its dividend to $0.44 per share.
Despite the upbeat results and solid Q1 guidance, shares fell about 3.4% in after-hours trading, suggesting elevated investor expectations had already been priced in.
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