Nvidia's record results lift equities, gold eases on risk revival, and investors position ahead of key U.S. inflation data.
Technology momentum drove U.S. equities higher, with the Nasdaq climbing 1.26% and the S&P 500 adding 56 points. As risk appetite returned, gold eased to $5,215.89/oz (−0.20%), while the dollar drifted lower.
Today's Snapshot
- Nasdaq Composite: 23,152.08 (+288.40 pts, +1.26%)
- S&P 500: 6,946.13 (+56.06 pts, +0.81%)
- Nifty 50: 25,449.50 (−34.00 pts, −1.01%)
- Gold: ~$5,215.89/oz (−0.20%)
- Silver: ~$89.36/oz (−1.79%)
Global Markets
Precious Metals
Gold: $5,215.89/oz (−0.20%)
Profit-taking by investors and diminished market anxiety reduced safe-haven demand for the metal.
Silver: $89.36/oz (−1.79%)
Investor rotation into equities and risk assets displaced demand for protective metals.
FX
Dollar Index (DXY): ~97.58 (slightly weaker)
The dollar weakened by 0.13% as Treasury yields remained stable and risk sentiment improved. Portfolio reallocation away from safe-haven assets eased dollar demand.
Stock Market — What Happened Today
U.S. Equities
Nasdaq Composite: 23,152.08 (+1.26%)
Nvidia's strong guidance and AI momentum lifted the broader market.
Major Mover:
NVDA (+1.44%) — Q4 FY26 revenue reached record $68.1 billion (up 20% sequentially, up 73% year-over-year), driven by sustained AI and data-centre strength.
Forward guidance for Q1 FY27:
- Revenue approximately $78.0 billion (±2%), excluding China data centre revenue
- Gross margins 74.9% GAAP / 75.0% non-GAAP (±50 basis points)
- Operating expenses ~$7.7 billion GAAP / $7.5 billion non-GAAP, including ~$1.9 billion stock-based compensation
Product Launch: Introduced Rubin AI platform for data centres and cloud providers, capable of reducing AI task costs by up to 10x versus Blackwell. AWS, Google Cloud, Microsoft Azure, and Oracle expected as early adopters.
S&P 500: 6,946.13 (+56.06 pts, +0.81%)
India Equities
Nifty 50: 25,562.05 (+0.31%)
Indian markets tracked broader Asian gains as improved global sentiment supported risk appetite. Financial and industrial strength offset healthcare weakness.
Major Movers:
- Shaily Engineering (+3%) — Announced contract valued at ~₹4.23 billion
- Schaeffler India (+2%) — Continued uptrend following strong quarterly earnings improvement
- Poonawalla Fincorp (+2%) — Gained on UBS "buy" initiation
Volatility & Positioning
VIX remained at 17.9, indicating calm investor sentiment.
What Traders Are Watching
- U.S. CPI and PCE data — Critical for Fed guidance and yield expectations
- Tech earnings momentum — Big-cap results to define sector leadership
- Treasury yield direction — 2Y and 10Y moves to influence dollar and risk pricing
“In investing, what is comfortable is rarely profitable”
Yesterday's Market News – 25 February 2026
KOSPI crossed the 6,000 mark with Nasdaq advancing 1.04%. Silver jumped 2.4%, gold added 0.7%, and Brent crude edged up 0.65% to $71.04/bbl.
Read full recap →Sources
- Morning Bid: Nvidia delivers, but good no longer cuts it — Reuters
- Indian shares inch higher on IT gains, tracking Asian peers — Reuters
- Reuters — Technology sector and equity leadership dynamics
- Reuters — FX moves with BOJ and global rate expectations
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