Stock Market Update

[BRIEFING.COM] There needs to be a move to positive territory by the closing bell or the S&P 500 (-0.1%) will be logging its fifth straight loss while the Russell 2000 (-0.1%) will be logging its sixth straight loss.

It didn't look earlier as if that would be today's fate for either, yet an inclination to sell into strength has made it a distinct possibility. 

There will be a lot of earnings news after the close, but the report from NVIDIA (NVDA 130.63, +4.00, +3.2%) will be the center of attention. Meanwhile, J.M. Smucker (SJM 108.51, -3.96, -3.5%), Norwegian Cruise Line Holdings (NCLH 24.91, +0.32, +1.3%), and Warner Bros. Discovery (WBD 10.46, -0.23, -2.2%) will be focal points on the earnings front before Thursday's open.

Economic data out tomorrow will include the second estimate for Q4 GDP, the weekly Initial and Continuing Jobless Claims report, January Durable Goods Orders, and January Pending Home Sales.