U.S. stock futures declined on Wednesday evening as investors weighed whether Nvidia’s (NVDA) latest results lived up to the high expectations set for the AI leader. The chipmaker beat Wall Street’s estimates and raised its dividend to $0.25. In after‑hours trading, the stock was down about 1.3%. Futures on the Dow Jones Industrial Average (DJIA), the Nasdaq 100 (NDX), and the S&P 500 (SPX) were down 0.26%, 0.85%, and 0.55%, respectively, at 6:30 p.m. EDT on May 20.
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In the regular trading session, major stock indices jumped on Wednesday ahead of Nvidia’s results. The Nasdaq, the Dow, and the S&P 500 rose 1.6%, 1.3%, and 1.1%, respectively. All three broke their three-day losing streaks.
Traders look forward to earnings from Walmart (WMT), Deere (DE), NetEase (NTES), NIO (NIO), Zoom (ZM), and Take-Two (TTWO) tomorrow. Traders will also track fresh data on initial jobless claims, housing starts, S&P Global manufacturing PMI, and consumer confidence in the morning.