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Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report

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NVIDIA Corp. News

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Asian shares have mostly fallen after a mixed close on Wall Street, with regional markets shrugging off a strong profit report from Nvidia that was released after U.S. markets closed. Oil prices climbed and U.S. futures were lower. Technology shares in Tokyo declined as analysts reacted to Nvidia's lower-than-hoped for profit forecasts.

A woman walks by a monitor showing Japan’s foreign exchange rate against the U.S. dollar at a securities firm in Tokyo, Thursday, Nov. 21, 2024. People walk by monitors showing Japan’s Nikkei 225 index at a securities firm in Tokyo, Thursday, Nov. 21, 2024. A woman covering herself from the rain walks by monitors showing Japan’s Nikkei 225 index at a securities firm in Tokyo, Thursday, Nov. 21, 2024.

Stephen Innes, managing partner at SPI Asset Management, noted the market reaction to Nvidia’s results was muted, partly because of the positioning that happened before the release. Its long-term prospects remain complex, he added. On Wall Street, the S&P 500 finished the day virtually unchanged, at 5,917.11 after coming back from a loss of 1%. The Dow Jones Industrial Average eked out a 0.3% gain, to 43,408.47, and the Nasdaq composite slipped 0.1% to 18,966.14.than analysts expected. The retailer also gave a forecast for profit in the upcoming holiday season that was below analysts’ estimates.

 

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