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Stock Market Today: Dow, S&P Live Updates for February 21

Feb 21, 2024 · bloomberg.com
Stock Market Today: Dow, S&P Live Updates for February 21
Asian stocks fell on Wednesday, influenced by the anticipation of Nvidia Corp.’s earnings report and its impact on Wall Street. Japan's equity benchmark experienced a decline, primarily driven by the tech sector, while shares in Australia and South Korea also dropped. Futures also indicated a decrease in Hong Kong. The Nasdaq 100 fell almost 1% and the S&P 500 dipped below 5,000.

Nvidia's shares dropped more than 4% in the lead-up to its results, which are expected to be released later on Wednesday. Traders are keenly awaiting these results, looking for confirmation that the chipmaker can meet the high expectations set by the artificial intelligence boom.

Key takeaways

  • Asian stocks fell on Wednesday, influenced by the anticipation of Nvidia Corp.'s earnings report.
  • Japan's equity benchmark traded lower due to declines in the tech sector, with similar trends observed in Australia and South Korea.
  • The Nasdaq 100 dropped almost 1% and the S&P 500 fell below 5,000.
  • Nvidia's stock sank more than 4% ahead of its earnings report, with traders looking for confirmation that the chipmaker can meet the high expectations set by the artificial-intelligence boom.
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