Dow Jones Today: Stock Futures Higher Ahead of Nvidia Earnings Report as Market Looks to Snap Four-Day Slump

Futures are pointing to a higher open for major U.S. stock indexes on Wednesday as investors await the highly anticipated earnings report from AI chipmaker Nvidia.

Futures tied to the Dow Jones Industrial Average were up 0.3% about 45 minutes before the opening bell, while those linked to the S&P 500 and tech-heavy Nasdaq added 0.6% and 0.8%, respectively. The S&P 500 and Nasdaq are riding a four-session streak of heavy losses, while the Dow has finished slightly higher the past two days after posting its biggest weekly losses since October last week.

The major indexes were trading near record highs a week ago, but they’ve stumbled lately amid investor concerns about the economic outlook and uncertainty about the potential impact of policies coming out of the Trump White House.

Shares of Nvidia (NVDA), which is scheduled to release its results after the closing bell, were up nearly 3% in premarket trading. The earnings report from Nvidia, which has become a marquee quarterly event for market participants, could help revive optimism about the AI trade that has fueled a stock market rally in recent years or inject fresh concerns about the sustainability of those gains.

Other large-cap technology stocks were mostly higher this morning. Chipmaker Broadcom (AVGO) was up 2.5% and EV maker Tesla (TSLA) gained 1.5%, rebounding from a steep drop on Tuesday. Microsoft (MSFT), Alphabet (GOOG), Meta Platforms (META) and Amazon (AMZN) were also rising, while Apple (AAPL) fell slightly.

Shares of Super Micro Computer (SMCI) soared 20% after the server maker submitted its delayed financial reports just ahead of a deadline late Tuesday to avoid being delisted by the Nasdaq.

Workday (WDAY) shares surged more than 10% ahead of the bell following a better-than-expected earnings reporter from the provider of human resources software. Shares of home improvement retailer Lowe’s (LOW) were up nearly 4% after its quarterly results topped analysts’ expectations.

Bitcoin was down slightly at around $87,800 this morning after plunging to a three-month low on Tuesday. Gold futures were up slightly at $2,925 an ounce, while West Texas Intermediate crude oil futures were holding steady at around $68.90 per barrel.

The yield on 10-year Treasurys, which has fallen in recent days amid the rising concerns about the health of the U.S. economy, was little-changed at 4.30% in recent trading. Market participants are keeping a close eye on economic data, with a particular focus on inflation numbers due on Friday.