Tech Weakens in Late Trading After Nvidia Earnings: Markets Wrap

Big tech edged lower in afterhours trading following a disappointing revenue forecast from Nvidia Corp.

An exchange-traded fund tracking the Nasdaq 100 (QQQ) slipped 0.2% while shares of the world’s most valuable company fell 1.7% in late trading after its outlook failed to meet expectations. The forecast was offset by signs of demand for the company’s newest product line, Blackwell.

US stocks had struggled to find footing in the run up to the results with the latest Ukraine-Russia tensions also weighing on sentiment. The S&P 500 ended the day little changed, as did the Nasdaq 100, while the dollar strengthened. The technology-heavy gauge had ...