U.S. markets rose after Nvidia's impressive earnings report, with the S&P 500 up 0.53% and the Dow Jones climbing 1.06%. Despite Nvidia's revenue nearly doubling, its shares only increased 0.5% due to concerns over slowing growth and conservative sales projections. In contrast, Snowflake's stock surged 32.7% after a 28% revenue increase, highlighting how market expectations can significantly influence share movements.
Stock futures dipped slightly on Thursday evening, with the Dow down 20 points and the Nasdaq 100 futures falling 0.3%. Despite this, Wall Street is on track for a positive week, led by a 1.56% gain in the Nasdaq Composite. Notable after-hours movers included Gap, which surged 15% after beating earnings estimates, while Intuit fell over 5% despite a strong quarterly report. Texas Pacific Land is set to join the S&P 500 next week as part of index changes.
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