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    US Stocks Lower; Nvidia Posts Upbeat Earnings

    Benzinga·05/21/2026 14:06:14
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    U.S. stocks traded lowr this morning, with the Dow Jones index falling more than 150 points on Thursday.

    Following the market opening Thursday, the Dow traded down 0.34% to 49,840.62 while the NASDAQ dipped 0.63% to 26,103.59. The S&P 500 also fell, dropping, 0.49% to 7,396.28.

    Leading and Lagging Sectors

    Energy shares jumped by 0.6% on Thursday.

    In trading on Thursday, consumer staples stocks fell by 2.2%.

    Top Headline

    Nvidia Corp. (NASDAQ:NVDA) reported better-than-expected first-quarter financial results and issued strong revenue guidance for the second quarter, after the closing bell on Wednesday.

    Nvidia reported first-quarter revenue of $81.615 billion, up 85% year-over-year. The revenue figure beat the Street consensus estimate of $78.796 billion, according to Benzinga Pro data. The company reported earnings per share of $1.87, beating a Street consensus estimate of $1.76.

    Equities Trading UP
               

    • NewGenIvf Group Ltd (NASDAQ:NIVF) shares shot up 74% to $1.28 as the company entered into a strategic agreement with K25.ai for a $2 million investment at a valuation of $100 million
    • Shares of Agape ATP Corp (NASDAQ:ATPC) got a boost, surging 61% to $3.37.
    • Liminatus Pharma Inc (NASDAQ:LIMN) shares were also up, gaining 58% to $0.30 after the company announced it entered into a definitive merger agreement with InnocsAI.

    Equities Trading DOWN

    • Global Mofy AI Ltd (NASDAQ:GMM) shares dropped 28% to $1.03.
    • Shares of Hongli Group Inc (NASDAQ:HLP) were down 29% to $0.39.
    • Wellgistics Health Inc (NASDAQ:WGRX) was down, falling 23% to $0.099 after the company announced a 1-for-50 reverse stock split intended to help regain compliance with Nasdaq’s minimum bid price requirement.

    Commodities

    In commodity news, oil traded up 4% to $102.18 while gold traded down 0.7% at $4,504.00.

    Silver traded down 1.3% to $75.160 on Thursday, while copper fell 1.1% to $6.2610.

    Euro zone

    European shares were lower today. The eurozone's STOXX 600 slipped 0.3%, while Spain's IBEX 35 Index fell 0.5%. London's FTSE 100 fell 0.3%, Germany's DAX dipped 0.7%, while France's CAC 40 declined 0.5%.

    Asia Pacific Markets

    Asian markets closed mostly lower on Thursday, with Japan's Nikkei 225 gaining 3.14%, Hong Kong's Hang Seng Index falling 1.03%, China's Shanghai Composite declining 2.04% and India's BSE Sensex falling 0.18%

    Economics

    • The S&P Global services PMI fell to 50.9 in May from 51 in the previous month.
    • The S&P Global manufacturing PMI climbed to 55.3 in May from 54.5 in April, and topping market estimates of 53.8.
    • The S&P Global composite PMI came in unchanged from the previous month at 51.7 in May.
    • The Philadelphia Fed manufacturing index declined to -0.4 in May from 26.7 in the previous month and versus market estimates of 18.
    • U.S. initial jobless claims declined by 3,000 to 209,000 in the second week of May, compared to market estimates of 210,000.
    • U.S. housing starts fell 2.8% month-over-month to an annual rate of 1.465 million in April, versus a revised 1.507 million in the previous month.

    Photo via Shutterstock