Sinking Nvidia keeps Wall Street’s gains in check

Market Overview - The U.S. stock market is experiencing mixed performance, with the S&P 500 up only 0.2% despite gains in most stocks, following a strong rebound after its first losing week in four [1][2] - The Dow Jones Industrial Average increased by 483 points, or 1%, while the Nasdaq composite fell by 0.2%, indicating volatility near all-time highs [2] Nvidia's Impact - Nvidia's stock fell by 2.4% after SoftBank sold its entire stake for $5.83 billion, impacting the S&P 500 as Nvidia is a significant component of the index [4] - Nvidia's performance is crucial as it often influences index funds that are central to many retirement accounts, with a previous rally contributing to the S&P 500's recovery [5] AI Sector Developments - CoreWeave's stock dropped by 14.8% despite reporting a smaller-than-expected loss and exceeding revenue expectations, as investors were concerned about supply-chain issues delaying revenue [6] - BigBear.ai's stock surged by 10.9% after outperforming analyst expectations and announcing the acquisition of AskSage for $250 million, highlighting positive momentum in the AI sector [7] Entertainment Industry Insights - Paramount Skydance's stock rose by 9.4% despite missing revenue and profit targets, as investors reacted positively to an increased cost-cutting goal of $3 billion for 2026 [8] Global Market Context - European indexes rose following a mixed finish in Asia, while Japan's Nikkei 225 slipped by 0.1% despite SoftBank's stock climbing by 2% after reporting better-than-expected profits [9]