Earnings after the close this evening led to weakness across the indexes and major sectors. The major indexes sold down after NVDA and SNOW released earnings that missed expectations and gave weak guidance. Specifically we saw weakness in the semiconductor and cloud sector. This put pressure on the entire market. As for good news, WSM, William and Sonoma beat earnings and raised guidance. We are seeing the higher end retail names holding their own. Ralph Lauren and Nordstrom both had good earnings. Nordstrom is even buying 500 million dollars of its own stock back in this environment which is commendable.
🔥NVIDIA / SNOW Miss.GDP Tomorrow!
🔥NVIDIA / SNOW Miss.GDP Tomorrow!
🔥NVIDIA / SNOW Miss.GDP Tomorrow!
Earnings after the close this evening led to weakness across the indexes and major sectors. The major indexes sold down after NVDA and SNOW released earnings that missed expectations and gave weak guidance. Specifically we saw weakness in the semiconductor and cloud sector. This put pressure on the entire market. As for good news, WSM, William and Sonoma beat earnings and raised guidance. We are seeing the higher end retail names holding their own. Ralph Lauren and Nordstrom both had good earnings. Nordstrom is even buying 500 million dollars of its own stock back in this environment which is commendable.