US Stock Market Today: S&P 500, Nasdaq In Red As Oil Jitters Outweigh Nvidia Earnings Cheer; Dow Down 250 Points

💡 Oil price jitters overshadow strong Nvidia earnings, sending the Dow Jones index tumbling 250 points.

The US stock market is trading in the red on Wednesday, with the S&P 500 and Nasdaq composite indexes falling as oil prices surge, outweighing strong earnings from Nvidia.

Market Reactions to Oil Price Jitters

The oil price surge has sent shockwaves through the market, with Brent crude oil prices rising to $120 per barrel. This has led to a sharp decline in energy stocks, with ExxonMobil $XOM and Chevron $CVX falling 3.5% and 4.2% respectively.

Nvidia Earnings Fall Short of Expectations

Nvidia $NVDA reported strong earnings, but they fell short of analyst expectations. The company reported revenue of $8.3 billion, up 10% from the previous quarter, but below the expected $8.5 billion. The stock price fell 2.5% in response.

Dow Jones Index Declines 250 Points

The Dow Jones index declined 250 points, or 0.9%, to 26,400. The S&P 500 and Nasdaq composite indexes also fell, with the S&P 500 down 1.2% and the Nasdaq down 2.1%.

What It Means for Investors