S&P 500 and Nasdaq Composite Snap Winning Streaks

  • U.S. stocks open higher after Nvidia earnings and economic data
  • S&P 500 and Nasdaq Composite snap five-day winning streaks
  • Nvidia shares rise after surpassing Wall Street’s expectations
  • Weekly data on U.S. jobless claims and durable-goods orders released

U.S. stocks opened higher on Wednesday following Nvidia Corp.’s earnings report and the release of fresh economic data. The S&P 500 and Nasdaq Composite both ended their five-day winning streaks. However, Nvidia shares rose after surpassing Wall Street’s expectations. Investors also digested weekly data on U.S. jobless claims and a report on durable-goods orders, which showed a 5.4% decline in October.

Public Companies: Nvidia Corp. (NVDA)
Private Companies:
Key People:

Track all markets on TradingView

Factuality Level: 8
Justification: The article provides factual information about the opening of U.S. stocks, the performance of the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, as well as the earnings report of Nvidia. It also mentions the release of economic data on jobless claims and durable-goods orders. There are no digressions, misleading information, sensationalism, redundancy, or opinion masquerading as fact. The article is concise and sticks to the main topic.

Noise Level: 3
Justification: The article provides a brief update on the performance of U.S. stocks and mentions the release of Nvidia’s earnings and economic data. However, it lacks in-depth analysis, evidence, and actionable insights. The information provided is mostly repetitive and does not explore long-term trends or consequences of decisions. Overall, the article contains some relevant information but lacks substance and fails to meet several criteria for a higher rating.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information on the performance of U.S. stocks, specifically the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average. It also mentions the earnings of Nvidia Corp., a major chipmaker.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article primarily focuses on the performance of U.S. stocks and economic data, without mentioning any extreme events or their impacts.

Reported publicly: www.marketwatch.com