US futures attached to the major gauges saw modest gains Wednesday evening as investors processed Nvidia’s latest earnings report.
Futures linked to the S&P 500 (ES=F) crept up 0.1%, while Nasdaq 100 (NQ=F) futures advanced 0.1%, and Dow Jones (YM=F) futures fluttered just below the baseline.
As of 11:07:35 PM EST. Market Open.
ES=F YM=F NQ=F
Nvidia’s (NVDA) eagerly awaited earnings report led to a 4% pop in the company’s stock before shares flatlined after the bell. The company beat Wall Street’s expectations, issued upbeat guidance for the next quarter, and demonstrated robust sales of its new-age Blackwell chips.
Bitcoin (BTC-USD) continued to pull back from its post-election peaks as investors become wary of risky assets. The cryptocurrency fell more than 4%, dropping below $85,000 and hitting its lowest point since November.
On Thursday, traders are set to focus on the next release of US GDP and the Labor Department’s weekly jobless claims.
Earnings set for Thursday include reports from Dell (DELL) and Warner Bro’s Discovery (WBD).
Wall Street is also bracing for Friday’s release of the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, as the central bank’s path to interest rate cuts has become increasingly uncertain.
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