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S&P 500 Gains & Losses Today: Index Tops 6500 After Nvidia Earnings; Hormel Drops

1. Nvidia's earnings report contributed to S&P 500's record close. 2. U.S. GDP growth was revised positively, influencing investor sentiment. 3. Nvidia's stock fell less than 1% despite overall market gains. 4. AI enthusiasm boosts tech stocks like Datadog and MongoDB. 5. Increased commodity costs impacted other companies' earnings negatively.

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FAQ

Why Neutral?

Nvidia's minor stock decline indicates investor wariness despite overall market enthusiasm historically leading to larger stock moves after earnings reports.

How important is it?

Nvidia's financials influence market trends due to its size, making any report potentially impactful for its stock price.

Why Short Term?

Immediate market reactions suggest short-term fluctuations, but long-term impacts depend on sustained market conditions and Nvidia's future performance.

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