U.S. stock futures rose early Thursday. Investors seemed to focus more on Nvidia’s solid earnings than President Donald Trump’s threat of more tariffs. Futures on the S&P 500 climbed 0.6% before the market opened.
Nasdaq 100 futures were up 0.7%. Dow Jones Industrial Average futures gained 0.3%. On Wednesday, the S&P 500 ended flat.
Trump’s latest tariff threat stopped an earlier rally. The Nasdaq Composite increased 0.3%. The Dow fell 0.4%.
Trump said he will soon announce 25% taxes on the European Union. But the market has doubted Trump’s comments for a long time. This makes it easier for investors to look at other things.
Nvidia’s highly anticipated earnings gave the market something real to think about.
Nvidia earnings support market gains
The chip maker’s strong earnings and guidance are a relief after the recent drop in artificial-intelligence investments.
The stock may only be up about 1% before the market opens. But it is helping the broader market. However, the day is still early.
The reaction to Nvidia’s results will likely be a big test. “This was a great report once again. If the market sells off from this, and Nvidia can’t stay up, then that tells you more about the market’s state and feelings than about how Nvidia is doing in our eyes,” said Ken Mahoney.
He is the CEO of Mahoney Asset Management. He said this late Wednesday. Friday’s core PCE index could soon bring attention back to the big economic picture.
The PCE index is the Federal Reserve’s preferred way to measure inflation. Jobless claims and GDP data will come out later Thursday. But for now, today will be all about AI, tech, and what they mean for the stock market.
Photo by; Christian Wiediger on Unsplash
