On today's episode of Market Domination, Hosts Josh Lipton and Madison Mills break down the biggest stories of the trading day, from a heated earnings season to mortgage rates falling to a new 15-month low.

Nvidia (NVDA) posted its second quarter earnings report after the closing bell on Wednesday. The chip giant beat analyst expectations on both the top and bottom lines, yet its results failed to meet investors' sky-high expectations, sending shares downward in Thursday's session. US Bank Wealth Management senior investment strategist Rob Haworth explains the reason for the stock's decline, saying, "you had this beat of expectations on the Nvidia side. It's still fairly good news for the future there. But it wasn't quite as good as investors hoped. And I think the challenge is we may be moving kind of past that peak acceleration in artificial intelligence spending. And that's maybe some of the concern we're seeing here."

Retail giant Gap (GAP) released its second quarter earnings results, reporting a beat on both the top and bottom lines. However, the stock was temporarily halted after the company accidentally released its report online before its set earnings release time. Yahoo Finance Senior Reporter Brooke DiPalma discusses the mishap and digs into the earnings report, noting the performance of Gap brands Banana Republic, Old Navy, and Athleta.

US mortgage rates have fallen to a 15-month low, according to the latest data from Freddie Mac. The 30-year fixed rate mortgage has dropped to 6.35%, its lowest reading since May 2023. Josh Lipton and Madison Mills comment on whether sliding mortgage rates can inspire homebuying activity as the Federal Reserve plans to cut interest rates in September.

Netflix (NFLX) is celebrating its 27th birthday on Thursday, with a total of 280 million global subscribers, 23 Oscar wins, 265 Emmy wins, and its stock at an all-time high. Evercore ISI managing director & head of internet research Mark Mahaney outlines what will be some of the bigger drivers of growth for Netflix: "The first is live sports. So we're getting the NFL on NFLX on Christmas Day. And that's a pretty big moment... If the Netflix today is about 75 million households that are subscribing, my guess is if they were to really pick up a big live sports presence, you'd probably get ten, 20 more million more households signing up for Netflix. So I think that's an interesting new growth area."

This post was written by Melanie Riehl