The New York stock market opened mixed in a steady range. Today is marked by the earnings announcement of Nvidia, considered a significant event for the U.S. stock market.
As of 10:09 a.m. Eastern Time on the 27th, the Dow Jones Industrial Average on the New York Stock Exchange (NYSE) recorded 40,495.27, up 77.20 points (0.17%) from the previous session. The Standard & Poor's (S&P) 500 index rose by 4.49 points (0.07%) to 6,470.43, while the Nasdaq index indicated a drop of 11.66 points (0.05%) to 21,532.61.
Nvidia will announce its second-quarter earnings after the market close today. Nvidia is the largest corporation by weight in the S&P 500 index. Investors believe that Nvidia's second-quarter results could serve as indicators for future performance forecasts. Amid the growing bubble controversy surrounding the artificial intelligence (AI) industry, investment directions may change depending on Nvidia's performance.
U.S. President Donald Trump attempted to dismiss Lisa Cook, a member of the Federal Reserve System (Fed), but the market appears to be largely unruffled. There are speculations that Cook will respond to Trump's dismissal with litigation, signaling a prolonged battle.
By sector, there are not significant fluctuations. Nvidia and Broadcom are down by more than 1%. This is interpreted as an increase in investor caution ahead of Nvidia's earnings announcement.