市場分析

Walmart achieves a record following the forecast; S&P 500 and Nasdaq acquire Nvidia

Amos Simanungkalit · 20 Nov 202456.8K 閱讀

The Nasdaq climbed over 1%, while the S&P 500 also closed in positive territory on Tuesday, driven by a surge in technology stocks as investors eagerly anticipated Nvidia's (NASDAQ) earnings report this week. Meanwhile, Walmart (NYSE) shares gained after the retailer raised its annual forecasts.

In contrast, the Dow Jones Industrial Average finished lower.

The major indexes opened with losses, with the S&P 500 falling as much as 0.6% after Russian President Vladimir Putin indicated a lower threshold for a nuclear strike in response to various conventional threats. Additionally, Moscow claimed that Ukraine used U.S.-made long-range missiles to attack deep inside Russia. However, stocks recovered some losses following comments from Russian Foreign Minister Sergei Lavrov, who stated that Moscow would take all measures to prevent nuclear conflict.

Nvidia shares rose 4.9% to $147.01, providing a major lift for the three indexes. The company is expected to release its quarterly results after Wednesday's market close, with investors having high hopes for its performance, particularly given its pivotal role in the artificial intelligence-related stock rally. Technology stocks led S&P 500 sector gains, advancing 1.2%. Other large-cap tech names, including Amazon.com (NASDAQ), also saw gains.

Timothy Chubb (NYSE), chief investment officer at Girard, a Univest Wealth Division, remarked, "The most notable aspect today is the caution stemming from developments in Ukraine. Investors are shifting funds into liquid megacap stocks, which is somewhat unexpected given the forthcoming Nvidia earnings."

The Dow Jones fell 120.66 points, or 0.28%, to close at 43,268.94. The S&P 500 gained 23.36 points, or 0.40%, to reach 5,916.98, while the Nasdaq Composite added 195.66 points, or 1.04%, finishing at 18,987.47.

Walmart shares climbed 3% to $86.60, setting a record closing high after the retailer boosted its annual sales and profit forecasts for the third consecutive time. Quincy Krosby, chief global strategist at LPL Financial (NASDAQ) in Charlotte, North Carolina, noted, "A key market driver was Walmart's optimistic guidance, with more customers purchasing items from higher-margin categories."

Super Micro Computer (NASDAQ) soared 31.2% after naming BDO USA as its auditor and submitting a plan to the Nasdaq to prevent delisting.

Netflix (NASDAQ) shares rose 2.9% to a record $871.32 for the second consecutive day after revealing that 108 million viewers tuned in for a boxing match featuring Jake Paul and Mike Tyson.

Adding to the upbeat sentiment, Goldman Sachs strategists predicted that the S&P 500 would reach 6,500 by the end of 2025.

In political news, President-elect Donald Trump announced his intention to nominate celebrity doctor Mehmet Oz as administrator for the Centers for Medicare and Medicaid Services, alongside appointing Wall Street CEO Howard Lutnick as commerce secretary.

Advancing stocks outnumbered decliners by a 1.14-to-1 ratio on the NYSE, with 172 new highs and 97 new lows. On the Nasdaq, gainers outpaced losers by a 1.34-to-1 ratio, with 2,459 stocks rising and 1,841 declining. Trading volume on U.S. exchanges totaled 13.94 billion shares, compared to the 20-day average of 14.24 billion shares per session.