$NVDA (Patreon)

Volatile day on the market as much anticipated earnings from NVIDIA but not only that $GS CEO was quoted that he doesn't think there will be a rate cut this year, and all of this followed by FOMC minutes where members showed concern about inflation moving to targeted rate.

“Participants observed that while inflation had eased over the past year, in recent months there had been a lack of further progress toward the Committee’s 2 percent objective,” the summary stated. “The recent monthly data had showed significant increases in components of both goods and services price inflation.”

Nvidia reported first fiscal-quarter earnings on Wednesday that beat expectations for sales and earnings, and provided a strong forecast for the current quarter. The stock rose slightly in extended trading. 

Nvidia said it was splitting its stock 10 to 1. 

• Earnings Per Share: $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates.

• Revenue: $26.04 billion vs. $24.65 billion expected by LSEG

So...what's next for $SPY $QQQ?