Posted 2/20/2024, 9:17:00 PM
Stocks Mixed as Nvidia Drags Tech Lower Ahead of Earnings, Walmart and Home Depot Shine
- US stocks dropped on Tuesday, led by a 5% decline in Nvidia and Super Micro Computer ahead of Nvidia's earnings
- Walmart and Home Depot reported strong earnings results, underscoring consumer strength
- Goldman Sachs raised its S&P 500 target to 5,200 citing strong earnings, representing 4% upside
- Nintendo stock fell 5% on report it's delaying Switch 2 console launch to 2025
- Oil prices declined, with WTI dropping 1.7% to $77 per barrel and Brent falling 1.3% to $82 per barrel