Dow Jones futures advance as strong Nvidia outlook lifts market sentiment
Dow Jones futures gain by 0.18% to around 53,620 during European hours on Thursday. Meanwhile, S&P 500 futures rise by 0.41%, to trade near 7,720, and Nasdaq 100 futures advance by 0.89% to trade around 29,550.
Dow Jones futures rose by 0.18% to approximately 53,620 during European trading hours on Thursday. S&P 500 futures climbed by 0.41%, reaching around 7,720 levels, while Nasdaq 100 futures experienced an increase of 0.89%, trading near 29,550. The surge in Nvidia shares contributed significantly to the market's positive sentiment.
Following a strong second-quarter performance and optimistic revenue guidance, the chipmaker surged nearly 7% in extended trading. Earlier, Wall Street indexes suffered losses due to unexpectedly high inflation data in July, with the PCE price index up 0.2% month-over-month and the annual rate remaining at 3.7%. Market participants are now focusing on corporate earnings reports and Federal Reserve policies, with analysts predicting key earnings announcements from companies like Workday, Autodesk, and Best Buy on Thursday.
Additionally, Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium on Friday is expected to provide further insights into the central bank's interest rate outlook.
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