S&P 500 notches record close; traders turn to Nvidia results
Wed August 27, 2025 4:59 PM
Today has been all about Nvidia. And they didn’t even report yet, that due after the bell. But yesterday’s pessimism turned into optimism today with everyone expecting a stellar Q2. In fact, today’s expert really went over the top with his enthusiasm, “Nvidia is going to produce humongous revenue gains over the next nine months, op top of an already humungous revenue base. Investors should prepare themselves for a world where Nvidia is a double-digit percentage of the S&P 500.” So all three indexes were on an upward trajectory all day, if only modestly, except the Dow which was more than modest in the 3-digits.
But nerves are still on edge with another expert predicting the company’s stock price could swing 6% in either direction depending on results. Adding to nerves is the continuing saga of the so-called firing of Lisa Cook and the potential loss of Fed independence but overall sentiment is that this is all heading to court. The good news is that the S&P reached still another record today. With all the anticipation in the air, volume was again way down below the 16.9 average, coming in at 14.0 billion.
Note: After hours, Reuters has reported that the Nvidia report came in at 4:20 pm and the news was that it beat estimates and is forecasting Q3 revenues above estimates. Oddly, the shares immediately dropped from $182 to $176. I’m sure there will be much more on this tomorrow.
DJ: 45,418.07 +135.60 NAS: 21,544.27
+94.98 S&P: 6,465.94
+26.62 8/26
DJ: 45,565.23 +147.16 NAS: 21,590.14
+45.87 S&P: 6,481.40
+15.46 8/27
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