Overview
- The S&P 500 slipped, the Dow rose, and the Nasdaq fell after Monday’s rally, with all three still trading near record highs.
- Nvidia shares declined after SoftBank disclosed it sold its entire $5.83 billion stake in the chipmaker last month.
- About four in five S&P 500 companies that have reported so far beat profit expectations, according to FactSet.
- Sea gained on stronger-than-expected revenue despite an earnings miss, while Outset Medical plunged after weak results and a cut to its FY25 sales outlook.
- AI-driven sentiment continued to sway trading, with some commentators drawing dot-com era comparisons as U.S. bond markets were closed for Veterans Day.