The three major U.S. stock indexes closed mixed, with Nvidia falling more than 2% after earnings.
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Gelonghui, February 26|The number of initial jobless claims in the US slightly increased to 212,000 during the Presidents' Day holiday week, but remained below expectations. The three major US stock indices showed mixed results: the Nasdaq fell 0.25%, the S&P 500 Index dropped 0.04%, and the Dow Jones rose 0.33%. Nvidia fell more than 2%, with Q4 revenue surging 73% year-on-year to a record high of $68.1 billion, and Q1 guidance remaining strong. SanDisk rose nearly 3%, joining forces with SK Hynix to launch the global standardization process for the next-generation memory "HBF". Synopsys fell 4.3%, lowering its earnings per share guidance for fiscal year 2026 and was downgraded by several major banks. Zoom Communications dropped more than 10%, with mixed Q4 results and adjusted earnings per share guidance for this quarter falling short of expectations. (Gelonghui)
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