Stock Market News: Applied Materials, NVIDIA Report Mixed Results
Investors seemed to regain a bit of their confidence on Friday morning, despite the fact that the tumultuous week left them with conflicting views on the health of the U.S. economy and the prospects for a sustained recovery from recent stock market losses. As of 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 330 points to 25,910. The S&P 500 (SNPINDEX: ^GSPC) gained 43 points to 2,890, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 132 points to 7,899.
Even though earnings season is winding down, there are still a few high-profile companies giving their latest reads on their performance. Applied Materials (NASDAQ: AMAT) showed reasonably solid results for the most recent quarter, but investors didn't seem comfortable with what's on the horizon for the semiconductor specialist. Meanwhile, NVIDIA (NASDAQ: NVDA) did a good job of living up to high expectations from its shareholders.
Shares of Applied Materials fell 1% after the chipmaker announced its fiscal third-quarter financial results. The numbers didn't look particularly strong, and although they were better than many had expected, the company's outlook for the near-term future was cloudy.
Source Fool.com
