--- title: "Nasdaq higher on the day. S&P up modestly and tests all time high. Dow down" type: "News" locale: "en" url: "https://longbridge.com/en/news/286284735.md" description: "The major stock indices are mixed, with the Dow down 0.60%, S&P up 0.15%, and Nasdaq up 0.62%, nearing record highs. Nebius shares surged 17.47% ahead of earnings, despite expected EPS decline. The company raised its 2026 power target to 4 gigawatts and announced a new facility in Pennsylvania. Marvell Technology shares rose 9.94%, up 112% since March, with earnings expected on May 27." datetime: "2026-05-13T15:08:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286284735.md) - [en](https://longbridge.com/en/news/286284735.md) - [zh-HK](https://longbridge.com/zh-HK/news/286284735.md) --- # Nasdaq higher on the day. S&P up modestly and tests all time high. Dow down The major stock indices are mixed with the Dow industrial average lower by -0.60%. The S&P index trading above and below unchanged (currently up 0.15%) and the NASDAQ index of 0.62%. The Nasdaq is close to the record close at 26274.13 (currently at 26255 with a high at 26274.78). The S&P is also testing the all time high close at 7412.85 (currently at 7411.96) Nebius is trading up is 17.47% ahead of earnings after the close which is expected to show a EPS decline of $-0.76 on revenues of $375.13 million. That compares to pay reported earnings loss last year of $-0.41 on revenues of $55.3 million. The AI infrastructure company said it is ahead of expectations on power capacity growth. The company raised its 2026 contracted power target to at least 4 gigawatts, up from a prior goal of more than 3 gigawatts. Nebius also announced a new Pennsylvania site that is expected to support 1.2 gigawatts of power when fully operational, marking its second owned gigawatt-scale facility in the U.S. Shares are up 133.31% since March 30 after the stock price bottomed at the 200 day MA. Shares are at record levels. Needless to say, the stock price is discounting a lot with EPS still expected to show a loss. The surge in sales is encouraging though. Marvel technologies (MRVL) is trading up 9.94% and add new record highs.Marvell Technology, Inc. engages in the design, development, and sale of integrated circuits. Its shares are up 112% since bottoming against the 100 day MA on March 19 (37 trading days). Marvell will announce earnings on May 27. Expectations are for EPS of $0.79 (vs $0.62 last year, on Revenues of 2.4B up from 1.9B last year. ### Related Stocks - [MRVL.US](https://longbridge.com/en/quote/MRVL.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [MVLL.US](https://longbridge.com/en/quote/MVLL.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [NBIL.US](https://longbridge.com/en/quote/NBIL.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md) ## Related News & Research - [Marvell Technology (NASDAQ:MRVL) Issues Quarterly Earnings Results, Meets Estimates](https://longbridge.com/en/news/287818775.md) - [Marvell Thinks Agentic AI Could Trigger Another Infrastructure Boom](https://longbridge.com/en/news/287948491.md) - [World Investment Advisors Has $5.75 Million Stock Holdings in Marvell Technology, Inc. $MRVL](https://longbridge.com/en/news/287909969.md) - [Options data reveals where Marvell stock will head after Q1 earnings](https://longbridge.com/en/news/287803928.md) - [GPS Wealth Strategies Group LLC Reduces Stake in Marvell Technology, Inc. $MRVL](https://longbridge.com/en/news/287456668.md)