US DJIA Rises by 17 Points; Nasdaq Falls 1.2% with NVIDIA Driving Chip Stocks Down

Market Performance: US stocks showed mixed results, with the DJIA slightly up by 17 points, while the Nasdaq and S&P 500 closed down 273 points and 37 points, respectively, as investors reacted to corporate earnings and economic data.

NVIDIA's Earnings Impact: Despite NVIDIA's profit nearly doubling and strong revenue growth in its data center business, its stock fell by 5.5% after earnings, contributing to a decline in other chip stocks like Broadcom and AMD.

Economic Data: Factory Orders in the US for December decreased by 0.7%, which was worse than the forecasted decline of 0.5% and significantly lower than the previous month's increase of 2.7%.

Tech Stock Movements: Major tech companies experienced varied performance, with Tesla, Alphabet, Amazon, and Apple all declining, while Meta and Microsoft saw slight gains of less than 1%.