Nasdaq Futures Rally on Blowout Nvidia Earnings, Fed’s Jackson Hole Summit in Focus

The Nasdaq 100 E-Mini futures (NQU26) experienced a 1.06% increase on September due to strong Nvidia earnings. Nvidia's (NVDA) Q2 results and Q3 revenue guidance surpassed expectations, with the company predicting a 70% revenue growth in fiscal 2028, significantly higher than Wall Street's estimates. Other AI-related stocks also benefited from the bullish outlook, leading to gains across the sector.

CrowdStrike (CRWD) and Salesforce (CRM) both reported impressive Q2 results, prompting significant increases in their stock prices. Meanwhile, Treasury prices declined as investors focused on upcoming Federal Reserve discussions at the Kansas City Fed's Jackson Hole symposium. The U.S. economy showed resilience with strong consumption, personal spending, and durable goods orders, suggesting the Federal Reserve can maintain a tight monetary policy without triggering a recession.

The Federal Reserve's meeting in September remains a focal point for investors, with a 61.9% probability of maintaining the current rates and a 38.1% chance of a 25-basis-point rate increase.