Wall Street Opens Lower as Traders Assess Nvidia Earnings Results

Wall Street opened modestly lower on May 21 as investors digested Nvidia's Q1 earnings report. Nvidia shares traded virtually flat in early trading after delivering a stronger-than-expected quarter and robust Q2 revenue guidance. Futures had slipped in premarket action, with the Nasdaq 100 down 0.48% to 29,157.73 and the S&P 500 off 0.18% to 7,419.89. The muted reaction reflected cautious reassessment despite AI momentum, while other movers included Intuit plunging over 14% on outlook cuts and Destiny Tech100 surging on SpaceX IPO news. Treasury yields stayed near 4.58% with Bitcoin around $77,848.