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Informist, Thursday, Aug. 27, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US markets close marginally lower ahead of Nvidia earnings

 

MUMBAI--0735 IST--Major US indices closed marginally lower Wednesday ahead of Nvidia's earnings for the quarter ended July. A higher-than-expected inflation print also likely dampened market sentiment. Market participants will focus on the Federal Reserve Chairman Kevin Warsh's Jackson Hole speech Friday. However, US futures were higher after Nvidia reported a strong set of earnings. While shares of the chipmaker rose 5% in pre-market trading, E-Mini Dow futures also rose slightly.  

 

Shares of Nvidia had ended nearly 2% lower ahead of earnings. For the July quarter, the company beat consensus estimates and strong guidance for the full financial year ending in January 2028. The company's revenues for the July quarter were $96.22 billion, up more than 4% from the estimate of $92.17 billion, CNBC reported. Nvidia expects revenue for the year ending 2028 to grow by about 70% on year and that it sees sales of $108 billion in the current quarter, plus or minus 2%. 

 

Wednesday, the Dow Jones Industrial Average fell the most, down 0.2%, while the Nasdaq composite and the S&P 500 closed flat. Shares of Meta ended more than 1% higher after it decided to make major changes to its platforms and pay $18 billion to resolve all US states claims that those platforms addict children. 

 

On the macroeconomic front, the personal consumption expenditures inflation rose 3.7% in the 12 months through July, a touch above expectations. Economists polled by Reuters had forecast a 3.6% increase. The latest inflation data adds pressure on the Federal Reserve's policy outlook. The next meeting of the central bank will be in September. Chances of an interest rate hike stood at 38.1%, according to a report by Reuters. "There is no crisis, it is more about expectations or guidance we are going to get from the Fed and what the Treasury is trying to do. That blends to some uncertainty and basically increases the risk premium," Greg Tuorto, the head of US small and midcap investing at Goldman Sachs Asset Management, told Reuters.

 

Following are the closing levels of all the major US indices:  

 

Index	Level	Change in %
Dow Jones Industrial Average	53463.88	(-)0.21
NASDAQ Composite	26130.19	(-)0.08
S&P 500	7675.70	(-)0.02

 

(Vidhi Thacker)

 

US$1 = INR 95.41

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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