Stocks to watch on Wednesday after hours: NVDA, HPQ, OKTA
Wall Street closed slightly lower on Wednesday as investors digested economic data while awaiting key corporate earnings reports. Major benchmark indices experienced subdued trading, with the Dow Jones sliding 0.2%, the tech-heavy Nasdaq Composite declining 0.1%, and the S&P 500 ending flat ahead of highly anticipated post-market earnings releases. Nvidia shares slipped 1.2% in extended trading despite posting fiscal second-quarter financial results and guidance that exceeded Wall Street expectations. The semiconductor powerhouse posted an adjusted earnings per share of $2.22, while total revenue surged 105.9% year-over-year to $96.22 billion, underscoring strong artificial intelligence infrastructure demand. Other notable post-market movers included HP Inc., which fell 10% despite lifting its full-year guidance and posting revenue of $15.68 billion, and cybersecurity provider Okta, which surged 15% following an earnings beat with adjusted earnings per share of $1.05 against consensus expectations of $0.96.