U.S. stock futures were trading mixed early Thursday as traders assessed semiconductor giant Nvidia’s (NVDA) lukewarm Q2 beat and guidance. Futures on the Nasdaq 100 (NDX) were down 0.02%, while those on the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) were up 0.07% and 0.19%, respectively, at 4:57 a.m. EST on August 28.
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Nvidia beat both sales and earnings expectations in the second quarter of fiscal 2026 and issued guidance that marginally exceeded Wall Street’s forecasts. However, NVDA stock fell over 3% in after-hours trading as the company’s results failed to meet elevated investor expectations. The report pressured other chip stocks, with AMD (AMD), Taiwan Semiconductor (TSM), and Broadcom (AVGO) all slipping about 1%.
During Wednesday’s regular trading session, U.S. stocks closed with modest gains. The S&P 500 advanced 0.2% to reach a new record high, while both the Nasdaq and the Dow also edged higher. All three indices are on track to finish the month in positive territory.
On the economic front, investors are awaiting key reports, including Initial jobless claims for the week ended August 23, the second estimate of Q2 GDP and GDP Price Index, as well as pending home sales data for July.
Turning to earnings, chipmaker Marvell Technology (MRVL), information technology giant Dell Technologies (DELL), and buy-now-pay-later firm Affirm Holdings (AFRM) are set to report results today.
Meanwhile, the U.S. 10-year Treasury yield was down, floating near 4.22%. WTI crude oil futures were trending lower, hovering near $63.90 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $3,450 per ounce on Thursday.
Elsewhere, European stocks opened mostly higher, as investors assessed Nvidia’s quarterly results and CEO Jensen Huang’s comments that AI still has more room to grow. Traders are also awaiting inflation data from France, Germany, Spain, and Italy later today.
Asia-Pacific Markets Traded Mixed Today
Asia-Pacific markets traded mixed today following Nvidia’s results and the Bank of Korea’s decision to keep interest rates unchanged at 2.5%.
Hong Kong’s Hang Seng index declined 0.81%. In China, the Shanghai Composite advanced 1.14%, while the Shenzhen Component gained 1.76%. Meanwhile, Japan’s Nikkei rose 0.73%, and the Topix increased 0.65%.
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