04:15 PM EDT, 05/23/2024 (MT Newswires) -- US equity markets ended lower Thursday even after Nvidia ( NVDA ) reported higher-than-expected Q1 results late Wednesday.

* Nvidia ( NVDA ) reported fiscal Q1 non-GAAP earnings of $6.12 per diluted share, up from $1.09 a year earlier. Analysts polled by Capital IQ expected $5.58. Revenue for the quarter ended April 28 was $26.04 billion, up from $7.19 billion a year earlier. Analysts surveyed by Capital IQ expected $24.59 billion. Shares of the company rose 9.3%.

* The flash manufacturing reading from S&P Global rose to 50.9 in May from 50.0 in April, above an expected 49.9 reading in a Bloomberg survey, while the flash services business activity index rose to a 12-month high of 54.8 from April's 51.3. The Kansas City Fed monthly manufacturing index rose to a reading of minus 2 in May from minus 8 in April, compared with expectations for minus 7 print in a survey compiled by Bloomberg.

* Initial jobless claims decreased to 215,000 in employment survey week ended May 18 from an upwardly revised 223,000 level in the previous week, compared with expectations for 220,000 in a survey of analysts compiled by Bloomberg.

* July West Texas Intermediate crude oil closed down $0.68 to $76.89 per barrel, while July Brent crude, the global benchmark, was last seen down $0.54 to $81.36 ahead of the busy Memorial Day travel weekend.

* The US Department of Justice and 30 state and district attorneys general sued Live Nation Entertainment ( LYV ) and its Ticketmaster unit for alleged market monopolization and anticompetitive practices. Shares of Live Nation fell 7.8%.