Any disappointment may trigger an initial negative reaction but investors could stick with the stock, realizing "today's pain is for next quarter's gain," a venture capitalist said.
The Nasdaq fell as investors grew cautious ahead of Nvidia's earnings and Fed officials signaled no immediate rate cuts. Nvidia dropped 1.3%, dragging the Philadelphia SE Semiconductor index down 1.2%. The S&P 500 saw information technology stocks lead the decline, impacted by broader market sentiment.