“ニューヨーク” observed in Japan’s search market does not refer to the actual location of the events.
The setting for this move was the New York market in the U.S. stock market, as reported on the 27th.
Nvidia’s earnings were strong, so why did the Dow Jones Industrial Average fail to rise clearly?
3-Line Summary
1. New York stocks were mixed amid strength in technology shares.
2. Nvidia rose as much as 8% at one point during the session.
3. In addition to indexes, inflation and Federal Reserve remarks also need to be watched.
Technology Shares Lifted by Nvidia and Salesforce
On the morning of the 27th, the Dow Jones Industrial Average in the New York market traded near the previous day’s closing level. The Nikkei reported that, as of 9:40 a.m., the Dow was up $41.43 from the previous day at 53,505.31. In a report from slightly later, as of 10:00 a.m., it was calculated at 53,464.09, up $0.21. These figures are from different points in time, but they share one thing in common: the Dow was mixed, unable to establish a clear direction.
By contrast, the technology-heavy Nasdaq Composite was strong. As of 10:00 a.m., it stood at 26,372.39, up 242.19 points from the previous day. Rather than the entire market moving at the same pace, it is more accurate to view this as buying concentrated in certain companies that had reported earnings.
The most notable stock was U.S. semiconductor company Nvidia. Nvidia’s revenue for the May–July 2026 period increased by about 2.1 times from the same period a year earlier, while net income rose by about 2.3 times, setting a new quarterly record. Its revenue outlook for the August–October period also exceeded the average market forecast. Following the news, the stock rose as much as 8% during the session, and was up 6.5% as of 10:00 a.m.
U.S. enterprise software company Salesforce also drew buying after its earnings and an upward revision to its annual profit forecast. Its share price rose by more than 19% at one point and, according to another report, was up 18.5% as of 10:00 a.m. Reports also said buying spread to semiconductor- and software-related stocks including Broadcom, Intel, ServiceNow, and Adobe.
The moves in these two companies show that the market is reacting sensitively to demand for semiconductors for AI data centers and enterprise software. However, the strength of Nvidia and Salesforce did not, by itself, confirm gains for the New York market as a whole. Assessments of individual earnings and the direction of the overall indexes need to be viewed separately.
Inflation and Policy Caution Held Back the Dow
The Dow’s failure to rise as much as technology shares reflected weakness in other sectors. The Nikkei reported that defensive shares such as healthcare saw selling, while economically sensitive sectors were also weak, limiting gains in the index. The weakness of Johnson & Johnson, Merck, and Walmart among Dow components reflected the same trend.
Policy variables also remained. Politico, a U.S. political news outlet, reported that the Trump administration was considering additional tariffs on semiconductors and related products. This was only a report of a review and does not mean that policy implementation has been confirmed. It could be seen as a potential burden for relevant companies, making it difficult to draw conclusions about the market based on strong earnings alone.
Market participants were also watching remarks scheduled for the 28th by Federal Reserve (FRB) Chair Waller. According to reports, the July Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE) price index had sent mixed signals. Market reports from the previous day said PCE inflation rose 3.7% year over year, exceeding the market forecast of 3.6%.
What matters here is the tendency to see a single remark or indicator as determining the market’s next move. Interpretations of interest rates and inflation can either weaken or strengthen the positive effect of corporate earnings. The key point to watch in this New York market was that strong earnings and interest-rate caution coexisted.
Therefore, it is too early to conclude from the indexes alone that “the U.S. stock market rose” or that “strong earnings are over.” It is necessary to examine together why the moves in the Dow, the Nasdaq, and individual stocks differed. Going forward, investors need to watch inflation indicators, FRB remarks, and whether tariff reviews lead to actual policy, along with companies’ guidance.
Guidelines for Reading the Next Announcement
It is difficult to draw conclusions about news related to ニューヨーク from a single number or sentence. The meaning becomes clearer when you distinguish who made the announcement, whether it refers to an already implemented fact or a future plan, and whether the target and timing have been specified concretely.
Even within the same material, explanations of necessity, discussions, implementation plans, and actual implementation may represent different stages. Even if the scale of an announcement appears large, it is necessary to check what it covers and what procedures remain in order to avoid overstating or understating the current situation.
In the next update, compare whether a new announcement merely repeats existing content or whether the target, schedule, or implementation status has actually changed. Reviewing the related reports below can also help identify differences in wording that are easy to miss from the headline alone.
References
Tags #NewYorkStocks #USStocks #NewYorkMarket #DowIndex #Nasdaq #NvidiaEarnings #NvidiaStock #Salesforce #AISemiconductors #FederalReserve #FRB #PCEInflation #USInflation #SemiconductorTariffs