NVIDIA Beats Q4 Earnings, Markets Mostly Climb Out of the Muck

Market Overview - Three of the four major market indexes finished higher, with the Dow down -188 points (-0.43%), while the S&P 500 and Nasdaq rose +0.014% and +0.26% respectively. The Russell 2000 increased by +0.22% [1] - All four indexes are down over the past five trading days, with declines ranging from -2% to -3.8% [1] Economic Indicators - New Home Sales for January fell to 657K, a -10.5% drop month over month, below the estimate of 671K and the previous month's 738K. This is the lowest level since October's 12-month low of 623K, attributed to +7% mortgage rates due to high interest rates [3] Company Earnings Reports - NVIDIA (NVDA) reported Q4 earnings of 89 cents per share, beating estimates by 5 cents, with quarterly sales of $39.3 billion surpassing expectations of $37.72 billion, marking a +70% year-over-year increase. The company raised guidance for the current quarter [4][5] - Salesforce (CRM) posted revenues of $10.0 billion, slightly missing the Zacks consensus of $10.02 billion. Next-quarter guidance was light, leading to a -5% drop in shares [6] - eBay (EBAY) exceeded expectations with Q4 earnings of $1.25 per share, beating estimates by 5 cents. Gross Merchandise Volume (GMV) was $19.3 billion, but forward guidance was light, resulting in an -8% decline in shares [7] - C3.ai (AI) also beat estimates, reducing its quarterly loss per share to -12 cents, with revenues of $98.8 million, outperforming expectations of $97.97 million. However, shares fell -3% in late trading [8]