Stock market today: Dow hits another record, S&P 500, Nasdaq waver as investors shrug off Nvidia share drop

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Nasdaq Composite News

Nvidia

The dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.

The Dow closed at another record on Thursday — its third this week — while the other major averages finished the day lower as investors assessed Nvidia's earnings alongside data that showed the US economy grew more than expected. The Dow Jones Industrial Average gained more than 200 points to finish the session at a new all-time high. The tech-heavy Nasdaq Composite erased earlier gains to drop about 0.2%, while the S&P 500 closed flat on the heels of losses for all three gauges.

Elsewhere in earnings, Salesforce shares popped after a big earnings beat by the software maker. Best Buy shares soared as much as 17% after the retailer posted better-than expected results as its sales stabilized. Meanwhile, Dollar General shares tanked more than 30% after the discount retailer cut its full year outlook and blamed softer sales on "cash-strapped" customers.

 

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