[New York Stock Exchange] Mixed Start Ahead of Nvidia Earnings Announcement

International Oil Prices Declining

On May 20 (local time), the three major U.S. stock indexes started off mixed but are now all moving higher. Buying activity appears to have picked up as international oil prices fell, with the market awaiting the earnings announcement from Nvidia, the largest company by market capitalization, scheduled after the close of trading. However, the Dow Jones is oscillating after an initial rebound.

According to the home trading system (HTS), as of 10:00 a.m., the Dow Jones Industrial Average (Dow Jones) on the New York Stock Exchange (NYSE) is up 43.25 points (0.08%) from the previous trading day, standing at 49,407.13. The S&P 500 Index, which tracks large-cap stocks, has risen 22.80 points (0.31%) to 7,376.41, while the tech-heavy Nasdaq Index is up 141.53 points (0.54%) at 26,012.24.

New York Stock Exchange. New York, USA – Special Correspondent Yoonju Hwang

At this time, July delivery of West Texas Intermediate (WTI) crude oil on the New York Mercantile Exchange is down 1.97% from the previous session, quoted at $102.09. July Brent crude oil futures on the ICE Futures Exchange are down 2.26%, at $108.77.

The market’s attention is focused on Nvidia’s first-quarter earnings announcement. Ben Snider, Head of U.S. Equity Strategy at Goldman Sachs, noted that Nvidia, as a semiconductor manufacturer and prominent player in artificial intelligence (AI), has accounted for about 20% of the S&P 500’s returns this year, and he expects the company to contribute a similar share to the index’s earnings growth in 2026 as well.

Snider told CNBC, “The numbers Nvidia reports are important. Moreover, investors across Wall Street and across all asset classes are looking to Nvidia as a signal for the direction of AI infrastructure development.”

Additionally, the release of the Federal Reserve’s April meeting minutes later today is also drawing attention. This is because recently released inflation data has exceeded expectations, and several Fed governors have issued warnings about inflation in succession. The aftermath of the Iran war has driven up energy prices, which is impacting consumer prices.

Among the top market capitalization stocks, performance is mixed. Nvidia is up 0.61%, Apple 0.38%, Amazon 0.78%, TSMC 1.41%, and Broadcom 0.71%. In contrast, Microsoft is down 1.19% and Alphabet is down 0.26%.

This content was produced with the assistance of AI translation services.