US Stocks Trade Mixed
2026-02-26 14:34
By
Andre Joaquim
1 min. read
US equities were mixed on Thursday as markets assessed the Nvidia earnings report ant its impact on the broader AI demand that has carried US equity indices in the last three years.
The S&P 500 was flat, while the Nasdaq 100 dropped 0.4% and the Dow gained 0.5%.
Nvidia dropped 1% despite beating estimates for earnings and revenues, underscoring the scrutiny that markets are gaining for the tech sector due to skepticism that growth in capital expenditure for AI compute may have been exaggerated.
In the meantime, Salesforce added 1.5% after giving a lukewarm outlook for its sales in the upcoming fiscal year.
Companies that sell software as a service have also been under added scrutiny this month as advances in AI automation tools raised concerns that the sector may be disrupted.
Outside tech, energy producers also inched down as nuclear talks between Iran and the US started, potentially impacting how strict Washington may be with sanctions and tanker flows through the Strait of Hormuz.