Stock market today: Dow climbs, S&P 500 and Nasdaq slip as Nvidia leaves investors wanting more

^DJI ^GSPC ^IXIC

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  US stocks unfastened Thursday connected mixed footing

  The US stocks opened Thursday's trading league connected mixed footing arsenic Nvidia's (NVDA) net study underwhelmed the marketplace aft the doorbell connected Wednesday.

  The Dow Jones Industrial Average (^DJI) gained 0.4%, the lone large scale to determination up. Meanwhile, the S&P 500 (^GSPC) and the tech-exposed Nasdaq Composite (^IXIC) fell by astir 0.2% and 0.5%, respectively.

  DJI - Free Realtime Quote • USD

  49,661.70 +179.55 (+0.36%)

  As of 9:49:58 AM EST. Market Open.

  ^DJI ^GSPC ^IXIC

  Elsewhere successful earnings, Stellantis (STLA) recorded a $26.billion full-year nonaccomplishment Warner Bros. Discovery (WBD) reported drops successful gross and net per share. Dell Technologies (DELL) and CoreWeave (CRWV) are inactive to travel connected Thursday's docket.

  On the macro front, archetypal jobless claims ticked up marginally from the erstwhile week, portion continuing claims fell slightly, signaling a somewhat stagnant system arsenic investors hold for the January wholesale ostentation speechmaking connected Friday to assistance measure the likelihood of an involvement complaint cut.

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  Initial jobless claims climb, continuing claims tick down successful play report

  212,000 radical filed archetypal jobless claims successful the week ended Feb. 21, according to information released Thursday by the Department of Labor. The fig marks a flimsy summation from the erstwhile week, successful a motion of imaginable stagnation successful the labour marketplace adjacent aft an explosive January jobs report.

  The archetypal jobless claims fig is supra the erstwhile week's 208,000 archetypal claims but comes successful beneath expectations. Economists had predicted 216,000 archetypal claims, according to statement estimates compiled by Bloomberg.

  Continuing claims were 1.83 cardinal for the week ended Feb. 14, notching a akin driblet from the erstwhile week's 1.87 cardinal claims. Economists had estimated continuing claims of 1.86 million.

  "It's a labour marketplace much defined by its inactivity than its vigor," ADP main economist Nela Richardson told Bloomberg successful televised comments Thursday morning. "It's precise antithetic to spot the benignant of caution we’ve seen from employers."

• Nutanix shares gallop higher connected beardown earnings, AMD investment

  Cloud computing supplier Nutanix (NTNX) reported beardown net and announced a multiyear woody with AMD (AMD) connected Wednesday, sending the banal much than 15% higher successful premarket trading connected Thursday.

  For the fiscal 2nd quarter, Nutanix reported adjusted net per stock of $0.56 for the 4th connected gross of $722.8 million. Wall Street analysts were looking for net per stock of $0.44 connected $709.7 cardinal successful revenue, according to S&P Global Market Intelligence.

  For the afloat year, Nutanix said it expects gross of $2.80 cardinal to $2.84 cardinal and a non-GAAP operating borderline of 21% to 22%.

  Nutanix's caller multiyear concern with AI chipmaker AMD besides boosted shares connected Thursday arsenic the 2 companies question to make a level for endeavor agentic AI. AMD said it volition put $250 cardinal successful Nutanix shares and associated R&D and go-to-market efforts, and the equity concern is expected to adjacent successful the 2nd 4th of 2026.

  AMD banal slid 1.5% pursuing the announcement and net from its rival Nvidia (NVDA).

  Read much here.

• Stock investors are hedging for a drop. Strategists spot that arsenic a bargain signal.

  From Bloomberg:

  SNP - Free Realtime Quote • USD

  6,926.18 -19.95 (-0.29%)

  As of 9:49:57 AM EST. Market Open.

  Read much here.

• Stellantis reports monolithic $26.3 cardinal loss, but posts improving 2nd fractional results arsenic turnaround dilatory begins

  Yahoo Finance's Pras Subramanian reports:

  Big Three automaker Stellantis (STLA) reported a monolithic full-year nonaccomplishment aft taking a $26 cardinal EV-related charge, but saw improving second-half results, suggesting the company's turnaround nether CEO Antonio Filosa whitethorn beryllium working.

  Stellantis — which counts brands similar Ram, Jeep, Fiat, and Alfa Romeo successful its merchandise portfolio — reported 2nd fractional nett gross of 79.25 cardinal euros ($93.47 billion), That was successful scope of the 78 cardinal to 80 cardinal euros ($91.87 to $94.23 billion) forecast, and 10% higher than the 71.86 cardinal euros ($84.64 billion) reported a twelvemonth ago.

  Stellantis posted a second-half adjusted operating income nonaccomplishment of 1.38 cardinal euros ($1.63 billion), besides successful scope of the 1.2 cardinal to 1.5 cardinal euros ($1.41 cardinal to 1.77 billion) forecast. That was a reversal of the 185 cardinal euro ($218 million) summation reported successful the 2nd fractional of 2024, which itself was a monolithic driblet compared to the 10.2 cardinal euro ($12 billion) nett reported successful 2023.

  ... For the afloat year, Stellantis reported a nett nonaccomplishment of 22.3 cardinal euros ($26.3 billion), owed to 25.4 cardinal euros ($29.96 billion) of "unusual charges," the institution said.

  Stellantis banal was small changed successful premarket commercialized successful New York.

  NYSE - Nasdaq Real Time Price • USD

  8.13 +0.42 (+5.45%)

  As of 9:49:51 AM EST. Market Open.

  Read much here.

• Trump pushed for little state prices and got them. The lipid manufacture is paying the price.

  Yahoo Finance's Jake Conley reports:

  During his State of the Union code connected Tuesday night, President Trump touted an vigor manufacture strengthened by the occurrence of his "Drill, baby, drill" policy, a dual mandate of much hydrocarbon drilling and little state prices.

  A twelvemonth into Trump's 2nd term, lipid and state accumulation is astatine oregon adjacent all-time highs, and gasoline prices mean beneath $3 per gallon nationally.

  But for the US lipid and state industry, the president's ambitions person travel astatine a cost.

  "Capital efficiencies and returns thrust our concern decisions," said an lipid and state relation responding to the Dallas Federal Reserve's 4th fourth vigor survey.

  "If economical conditions worsen, drilling and completion activities volition cease successful 2026."

  ... Even arsenic Exxon Mobil (XOM) and Chevron (CVX), the country's largest integrated lipid and state operators, accrued their accumulation and bushed expert estimates connected top-line revenue, some companies recorded year-on-year declines successful yearly nett arsenic the lipid glut depressed prices, shrinking their margins.

  Read much here.

• Nvidia investors springiness lukewarm absorption to upbeat forecast

  From Bloomberg:

  Nvidia Corp. (NVDA), the ascendant shaper of artificial quality processors, failed to impressment investors with its latest income forecast, signaling that concerns astir an overheated AI system volition proceed to canine the company.

  Though the chipmaker delivered a 73% surge successful fourth-quarter gross and a first-quarter outlook that easy bushed the mean Wall Street estimate, Nvidia shares fell arsenic overmuch arsenic 1.5% during a league telephone with analysts. The banal was up little than 1% successful premarket trading connected Thursday.

  NasdaqGS - Nasdaq Real Time Price • USD

  188.95 -6.68 (-3.41%)

  As of 9:49:58 AM EST. Market Open.

  It was a stark reminder of the skepticism present surrounding Nvidia. After explosive income maturation turned the chipmaker into the world’s astir invaluable company, investors are seeking stronger assurances that booming AI income are present to stay.

  “By astir measures, Nvidia delivered a coagulated acceptable of results,” analysts astatine JPMorgan Chase & Co. said successful a enactment aft the results. “Even so, the banal effect suggests investors were near wanting more.”

  CEO Jensen Huang pushed backmost connected the concerns during Wednesday’s call, arguing that customers are already making wealth from their recently acquired computing power. That’s wherefore clients volition support investing astatine elevated levels, helium said.

  “You request compute capacity, and that translates straight to growth, and that translates straight to revenues,” Huang said. “I’m assured their currency flows are growing.”

  Read much here.

• Nvidia's CEO prepares investors for a renewed conflict with Intel, AMD

  From Reuters:

  Nvidia (NVDA) whitethorn person made its immense luck connected the backmost of specialized graphics processing units (GPUs) utilized to powerfulness artificial quality servers, but CEO Jensen Huang is progressively professing his emotion for the much generalist CPU.

  The CPU, oregon cardinal processing unit, was for ‌decades traditionally viewed arsenic the main encephalon of a machine — a merchandise astir associated with Intel (INTC) oregon sometimes Advanced Micro Devices (AMD).

  Huang is fond of saying ‌that wherever erstwhile 90% of computing utilized to hap connected CPUs and 10% connected chips similar his, the ratio had flipped successful caller years.

  But the CPU is present making a comeback - progressively seen arsenic an equivalent ​if not amended enactment arsenic AI companies displacement from grooming their models to deploying them - a displacement that Nvidia plans to beryllium a large portion of.

  "We emotion CPUs arsenic good arsenic GPUs," Huang said connected a telephone with analysts connected Wednesday for the company's fourth-quarter results.

  He assured them that Nvidia was not lone acceptable for the CPU's instrumentality to the spotlight, but besides that Nvidia's ain CPU offerings for information centers, archetypal released successful 2023, would outcompete rivals.

  NasdaqGS - Nasdaq Real Time Price • USD

  188.95 -6.68 (-3.41%)

  As of 9:49:58 AM EST. Market Open.

  Read much here.

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  Premarket trending tickers: Marriott Vacations, Trade Desk, and Zoom

  Marriott Vacations' (VAC) banal roseate 8% earlier the doorbell connected Thursday aft reporting 4th fourth earnings, with gross exceeding expert expectations.

  Trade Desk (TTD) stock sank 16% during premarket hours today. The exertion level reported 4th fourth net of $0.59 per share, beating estimates and besides reported a emergence successful revenue. But it forecast archetypal 4th gross of $678 million, which fell beneath expert expectations.

  Zoom (ZM) banal fell 3% earlier the doorbell connected Thursday aft forecasting quarterly nett beneath Wall Street estimates connected Wednesday.

• Salesforce banal slips aft FY gross forecast misses the mark

  Shares of Salesforce (CRM) fell astir 4% successful premarket trading aft the bundle company's fiscal 2027 gross forecast came successful beneath Wall Street expectations connected Wednesday.

  The San Francisco-based institution flagged sluggish spending connected endeavor concern bundle ‌as it invests heavy successful its AI level to ​drive up demand.

  NYSE - Nasdaq Real Time Price • USD

  196.75 +5.00 (+2.61%)

  As of 9:49:58 AM EST. Market Open.

  Reuters reports:

• Baidu banal terms drops 20% successful show of China's demands for AI assemblage

  Bloomberg reports:

  Read much here.

• Nvidia pushes up successful extended trading connected steadfast Q1 guidance and beating Q4 expectations.

  Yahoo Finance's Dan Howley reports:

  NasdaqGS - Nasdaq Real Time Price • USD

  188.95 -6.68 (-3.41%)

  As of 9:49:58 AM EST. Market Open.

  Read much here