Stocks Close Mixed as Nvidia Rallies Ahead of Earnings Beat, Palo Alto Networks Sinks Cybersecurity Sector
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Major stock indexes strengthened in the final 30 minutes on Wednesday, with the Dow and S&P 500 eking out gains while the Nasdaq trimmed losses.
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Nvidia stock pulled back ahead of its earnings report after the close, which beat EPS and revenue estimates.
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Palo Alto Networks plunged 28% despite strong earnings as it lowered its future outlook, causing other cybersecurity stocks to sell off.
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Garmin jumped 9% after the company's quarterly results topped views; its stock broke out of a base pattern.
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Minutes from the latest Fed meeting said policymakers believe rates are near peak but remain concerned about high inflation.