Major US stock indices close lower ahead of Nvidia earnings

The major US indices are closing lower ahead of Nvidia earnings. The declines are consistent across the major indices near -0.5% to -0.6%.

A snapshot of the closing levels shows:

• Dow Industrial average -244.95 points or -0.58% at 42098.70.
• S&P index fell -32.99 points or -0.56% at 5888.55
• Nasdaq fell -98.22 points or -0.51% at 19100.94.

Salesforce is out with their earnings:

• EPS $2.58 vs $2.54 est
• Revenues $9.8B vs 9.74B est,.
• Guidance for Q2 EPS $2.76-$2.78 vs $2.72 est Rev $10.11 to $10.16B vs $10.01 est
• FY EPS $11.27-$11.33 vs est. of $11.14. Rev $41.0 to $41.3B vs $40.79B est.

Shares are up 5.01% in after hours trading to $289.87 after falling -0.42% on the day to $276.03

This article was written by Greg Michalowski at www.forexlive.com.