"Nvidia's Earnings Impact Tech Stocks, Capital One Announces $35 Billion Deal to Acquire Discover"
TL;DR Summary
US stocks closed lower as investors awaited earnings reports from leading retailers Walmart and Home Depot, with the tech-heavy Nasdaq Composite leading the declines. Nvidia's upcoming earnings are seen as a potential turning point for markets, with high expectations for the AI-focused chipmaker. Walmart's upbeat sales outlook and dividend increase boosted its shares, while Home Depot signaled a lack of demand amid "sticky" inflation. Additionally, Wall Street strategists are raising their projections for the S&P 500, and Nvidia's stock fell ahead of its earnings, impacting the broader market.
- Stock market today: Tech stocks lead market slide with Nvidia earnings on deck Yahoo Finance
- S&P 500 and Nasdaq close lower on Tuesday, dragged down by Nvidia: Live updates CNBC
- Stocks close lower, Nvidia predictions weigh on tech sector Yahoo Finance
- Capital One to buy Discover for $35 billion The Associated Press
- Futures: Palo Alto Leads Losers Late; Hold Or Sell Nvidia Now? Investor's Business Daily
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