Nervous markets await Nvidia

Wednesday was the most important day of the quarter, perhaps the year, as investors awaited Nvidia’s latest quarterly results after the closing bell. The bellwether stock reported top- and bottom-line beats, but the street (as of this writing) was holding its breath for commentary from CEO Jensen Huang.

During the session, NVDA rallied, but jumped before settling 3.67% higher. Other influential names were Super Micro Computer which leapt 12.23% and Tesla which extended its losing streak by sinking 3.96%. Meanwhile, Intuit jumped 12.58% while Dollar General slid 5.59%. Bitcoin sank another 4.4% to US$84,350 while the U.S. 10-year yield slid below 4.3%. The S&P was flat, the Nasdaq faded after its morning rally to advance 0.26%, while the Dow declined 0.43%.

The TSX fared better, adding 0.53% or 133 points as materials and tech led nine of the 11 sectors higher. Key names: OceanaGold 5.29%, Stantec 6.83%, Fortuna 6.25%, and Celestica 5.47%. Bank earnings continued with National Bank reporting a top and bottom line beat, but also announced higher provisions for credit losses than expected. NA shares sold off by 5.47%. Otherwise, commodities were quiet, with gold adding US$2 to US$2,917, and WTI slipping 0.2% to US$68.80.

💾 NVIDIA Corporation (NVDA-Q) +3.67%

💾 Super Micro Computer (SMCI-Q) -12.23%

🚗 Tesla Inc (TSLA-Q) -3.96%

💾 Intuit Inc. (INTU-Q) +12.58%

🛒 Dollar General Corp. (DG-N) -5.59%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -4.4%

🥇 Oceanagold Corp (OGC-T) +5.29%

🧱 Stantec Inc (STN-T) +6.83%

⛏ Fortuna Silver Mines (FVI-T) +6.25%

🧬 Celestica Inc (CLS-T) +5.47%

🏛 National Bank of Canada (NA-T) -5.47%