Dow Jones Today: Stock Futures Point Slightly Higher; Nvidia, Retail Giants to Report Results This Week
Stock futures were little changed to begin the week, which will see AI darling Nvidia and retail giants Walmart, Home Depot, Lowe’s, and Target report quarterly results.
Futures associated with the Nasdaq rose 0.1% after the tech-heavy index fell 0.5% last week, its second straight weekly decline. Those affiliated with the benchmark S&P 500 and blue-chip Dow Jones Industrial Average were up 0.1% and down less than 0.1%, respectively, after both indexes posted weekly gains.
Bitcoin was trading around $95,300 after dropping below $93,000 overnight, its lowest level since early May. The yield on the 10-year Treasury note declined to 4.13% from Friday’s close of 4.15%.
The U.S. dollar index, which tracks the performance of the dollar against a basket of foreign currencies, ticked higher to 99.39. Gold futures slipped 0.3% to $4,080 per ounce. WTI crude futures, the U.S. oil benchmark, were little changed at just above $60 per barrel.
Investors will be paying close attention to Nvidia (NVDA) this week as the world’s most valuable company reports its quarterly earnings on Wednesday. The AI trade has driven recent market volatility over worries about corporate valuations in that sector. Nvidia shares were down 1% in premarket trading.
Traders also will be focused this week on the several retail giants. Shares of Home Depot (HD), which reports results early Tuesday, edged higher before the bell; those of TJX (TJX), Lowe’s (LOW), and Target (TGT), which report Wednesday morning, were up 0.5%, 0.2%, and 0.4%, respectively; and those of Walmart (WMT), which reports earnings early Thursday and just announced that announced CEO Doug McMillon will retire on Jan. 31, 2026, were down 0.1%.
Also, shares of Google parent Alphabet (GOOGL) surged 4% before the bell after Warren Buffett’s Berkshire Hathaway (BRK.B) disclosed it had bought 17.8 million shares worth more than $4 billion in the third quarter.
Shares of the biggest U.S. airlines—Delta (DAL), United (UAL), American (AAL), and Southwest (LUV)—were up less than 1% after the FAA said it was removing flight restrictions with the federal government shutdown now over.