02:08 PM EST, 02/26/2026 (MT Newswires) -- US benchmark equity indexes were mostly lower intraday as a post-earnings sell-off in Nvidia ( NVDA ) shares weighed on the technology sector.

The Nasdaq Composite was down 1.5% at 22,796.2 after midday Thursday, while the S&P 500 fell 0.8% to 6,891.8. The Dow Jones Industrial Average was little changed at 49,475.2. Tech was the worst-performing sector, down 2.3%, while financials led the gainers with a 1.1% advance.

Nvidia ( NVDA ) shares were down 5.2%, the worst performer on the Dow and among the worst on the S&P 500, wiping out gains so far this year.

Late Wednesday, the chipmaking giant posted fiscal fourth-quarter results above Wall Street's estimates as an artificial intelligence boom continued to fuel computing demand. It offered a stronger-than-expected revenue outlook for the ongoing quarter.

Nvidia's ( NVDA ) stock selloff likely reflects continued worries around AI and a tough comparison for cloud capital expenditure next year, BofA Securities said in a note.

Fellow mega-cap tech stocks Amazon.com ( AMZN ) and Apple ( AAPL ) were among the steepest decliners on the Dow intraday. On the S&P 500, Broadcom ( AVGO ) , Super Micro Computer ( SMCI ) , and Applied Materials ( AMAT ) were among the worst performers.

Salesforce ( CRM ) was the top gainer on the Dow, up 3.4%. The customer relationship management platform late Wednesday issued a weak full-year revenue outlook at the midpoint, but topped market estimates for its fiscal fourth-quarter results.

J.M. Smucker (SJM) shares were up 8.8% intraday Thursday, the second-best performer on the S&P 500. The food producer trimmed the top end of its full-year sales growth outlook due to a recent fire at one of its manufacturing facilities, while its fiscal third-quarter results topped market estimates.

Intuit (INTU), Monster Beverage ( MNST ) and Dell Technologies ( DELL ) are scheduled to report results after the closing bell Thursday, along with others.

US Treasury yields were lower intraday, with the 10-year rate down 1.9 basis points at 4.03% and the two-year rate falling 1.8 basis points to 3.45%.

West Texas Intermediate crude oil fell 0.2% to $65.28 a barrel.

In economic news, weekly applications for unemployment insurance in the US increased, while continuing claims decreased, government data showed.

"The behavior of claims over the past few weeks suggest that labor market conditions remain steady and layoffs remain subdued," Jefferies said in a note.

Gold was down 0.6% at $5,195.20 per troy ounce, while silver dropped 4.1% to $87.27 per ounce.