U.S. stock futures climbed higher Wednesday night after Nvidia (NVDA) posted earnings that beat Wall Street forecasts. The strong outlook also helped improve sentiment around AI stocks, which had come under pressure in recent days due to concerns about high valuations and funding risks.
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Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 1.74%, 0.43%, and 1.18%, respectively, at 9:14 p.m. EST on November 19.
Earlier in the day, all three major U.S. indices rose as investors awaited Nvidia’s results, snapping a four-day losing streak for the S&P 500 and Dow. The Nasdaq, the S&P 500, and the Dow gained 0.6%, 0.4%, and 0.1%, respectively. Still, stocks remain lower for the week due to recent pullbacks in major tech stocks.
Looking ahead, investors will watch Thursday morning’s release of September nonfarm payrolls data, delayed by the recent U.S. government shutdown, for further clues on the health of the labor market.
Earnings from several major companies, such as Walmart (WMT), Intuit (INTU), Bath & Body Works (BBWI), and ZIM (ZIM), are also under close watch.
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