Closing Bell: Markets Advance on Iran Conflict Resolution Optimism

The S&P 500 gained 1.08% and the Nasdaq 100 rose 1.66%, while the Russell 2000 outperformed with a 2.56% advance. Consumer Discretionary, Information Technology, and Materials led sector gains, while Energy and Consumer Staples lagged.  

NVIDIA Delivers 85% Revenue Surge 

NVIDIA (NVDA) shares were lower in after-market trading though it delivered another blockbuster quarter: record revenue of $81.6 billion up 85% year over year, driven by continued strength in AI demand and a surge in Data Center revenue to $75.2 billion, up 92%. Alongside the strong results, the company announced a significant capital return program, authorizing an additional $80 billion in share repurchases and raising its quarterly dividend to $0.25 per share. NVIDIA also highlighted a strategic shift in its business, transitioning to a new reporting framework centered on two core platforms—Data Center and Edge computing—underscoring its focus on long-term AI and infrastructure growth. 

Lowe’s Beats Q1 Estimates, Reaffirms Outlook  

Lowe’s Companies (LOW) Q1 results topped analyst estimates, with revenue of $23.08B and adjusted EPS of $3.03; comparable sales rose modestly by 0.6%. The company reaffirmed its full-year outlook, calling for $92–$94B in sales and steady margins, though earnings-per-share guidance disappointed. Operationally, strength in the Pro segment, appliances, and online channels supported results, alongside continued capital returns and investment. However, shares slipped as macro headwinds—including higher mortgage rates and cautious consumer spending—continue to weigh on big-ticket home improvement demand, echoing similar commentary from peers. Lowe’s stock was flat in after-hours trading. 

Economic Events for Tomorrow (ET) 

8:30am: Philly Fed Manufacturing Index 

8:30am: Unemployment Claims 

8:30am: Building Permits 

8:30am: Housing Starts 

9:45am: Flash Manufacturing PMI 

9:45am: Flash Services PMI 

10:30am: Natural Gas Storage 

12:20pm: FOMC Member Barkin Speaks 

Earnings Calendar 

Before Market Open: WMT, DE, NTES, BMO, AAP 

After Market Close: ROST, TTWO, WDAY, CPRT, ZM, DECK 

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.