Closing Bell: Nvidia’s Mixed Earnings Impact Indices as S&P 500 Reaches New Highs Amid Market Shifts

## Closing Bell Commentary

**Note**: This analysis is generated after US market close. Event times in US Eastern Time.

As the closing bell rings today, major U.S. indices have largely shown resilience despite mixed signals from earnings reports. The S&P 500 closed at a record high of 6,481.40, up 0.24%, buoyed by strong performance from tech giants like Nvidia, which reported a remarkable 56% surge in data center revenue. However, Nvidia’s stock fell following a forecast that fell short of some analyst expectations, raising concerns about future growth, particularly in the context of its exposure to the Chinese market.

The Dow Jones also saw a positive session, gaining 0.32%, while the Nasdaq 100 rose 0.17%. European markets, however, faced headwinds, with the DAX declining by 0.44% and the FTSE 100 down 0.11%, reflecting broader investor caution amid geopolitical tensions and economic uncertainty.

In the currency markets, the euro strengthened against the dollar, with EUR/USD rising 0.19% to 1.1640, while the British pound also gained, reflecting a 0.33% increase to 1.3499. In contrast, the USD/JPY pair saw a slight decline, down 0.26%, as traders adjusted positions ahead of potential monetary policy shifts.

Commodity markets showed positive momentum, with gold prices surging 1.83% to $3,450.50 per ounce, driven by safe-haven demand amid market volatility. Crude oil prices also saw a modest increase of 0.90%, closing at $63.82 per barrel, as supply concerns lingered.

Overall, market sentiment remains cautiously optimistic, underpinned by strong corporate earnings, particularly in the tech sector, while geopolitical and economic uncertainties continue to pose challenges. Investors will be closely monitoring upcoming economic data and corporate earnings reports for further direction.

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## Today’s Major Economic Events Summary

On August 27, 2025, significant economic data influenced market sentiment, particularly in the Eurozone and the U.S. The GfK German Consumer Climate for September reported a worse-than-expected figure of -23.6, compared to the forecast of -21.5, suggesting declining consumer confidence in Germany, which may weigh on the euro. In the U.S., crude oil inventories fell by 2.392 million barrels, surpassing the forecast of a 1.7 million decline, likely boosting crude prices and supporting the dollar. Meanwhile, Russian retail sales grew by 2.0% YoY, exceeding expectations of 1.8%, while the unemployment rate remained stable at 2.2%. The bond market saw a 5-year note auction yield of 3.724%, indicating investor sentiment amidst rising rates.