Market Awaits Nvidia Earnings as S&P 500 Edges Higher

The S&P 500 climbed 0.2% in cautious trading as investors braced for Nvidia's pivotal earnings report. The chipmaker's outsized 8% index weighting left markets in stasis—its shares barely budged while the Nasdaq Composite rose 0.1% and the Dow added 135 points. Beneath the calm surface, tension mounted over whether Nvidia's results WOULD justify tech's 2024 rally or spark a retreat.

All eyes remain on post-close earnings that could Ripple across markets. Nvidia has become the bellwether for AI-driven gains, with single-stock risk now magnified across the index. Meanwhile, European markets flashed warning signs as the euro dipped to three-week lows despite relative resilience during France's political turmoil—a repeat of 2023's decoupling between regional assets and currency.