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All three major US stock indexes were up in late-morning trading Thursday, as investors monitor news
Nvidia stock surged 4% on Thursday.
AI heavyweight Nvidia (NVDA) will report its first quarter results on May 20, in what is easily one of the most anticipated announcements of the earnings season.
<body><p>STORY: JD.com beat first-quarter revenue and profit expectations on Tuesday.</p><p>It was seen as a positive sign by investors and shares rose about 1% after the update.</p><p>Subsidies from local governments have proved helpful to JD.com.</p><p>It's encouraged consumers to trade in old appliances and electronics, with JD.com the biggest retailer of these goods.</p><p>Markets watchers will want to see if Beijing's subsidy program can help the firm keep up its momentum.</p><p>Especially as tariff and consumer-demand pressure mounts.</p><p>JD.com's home Chinese market has long struggled with weak consumer confidence.</p><p>That's due to a property slump and higher tariffs imposed by the U.S. on many Chinese goods.</p><p>The U.S.-Iran war has also raised fuel prices and the cost living - which has hit consumer spending power.</p><p>JD.com said revenue for the quarter ended March was just under $46.5 billion - that was ahead of analyst forecasts.</p><p>However, higher costs hit net income.</p><p>JD.com has spent more on fulfilment costs, research and development as well as marketing.</p></body>
Investing.com -- JD.com Inc (NASDAQ:JD) reported first-quarter earnings that exceeded analyst expectations, driving shares up 2.2% in pre-market trade Thursday.
JD.com returned to the black in the first quarter, in a sign the Chinese e-commerce giant is making progress in stemming losses in its food-delivery business.