U.S. stock futures were down on Wednesday evening as investors reacted to the latest quarterly report from semiconductor giant Nvidia (NVDA). Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.44%, 0.02%, and 0.26%, respectively, at 6:53 p.m. EDT on August 27.
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Despite surpassing Wall Street’s estimates, NVDA stock was down 3% in extended trading. The results also put pressure on other chip stocks, with AMD (AMD), TSMC (TSM), and Broadcom (AVGO) all seeing a 1% dip.
In Wednesday’s regular trading session, stocks ended slightly higher. The S&P 500 hit a record, rising 0.2%, while the Nasdaq and the Dow each gained modestly. All three indices are on track for a positive monthly performance.
Looking ahead, investors are awaiting key economic reports, such as Initial jobless claims for the week ended August 23, the second estimate for Q2 GDP, and Pending home sales data for July.