Dow Jones Today: Futures Rise as Nvidia Leads Tech Stocks Higher After Strong Earnings Report

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

Futures tied to the S&P 500 and tech-heavy Nasdaq were up 0.5% and 0.7%, respectively, in recent trading, while those linked to the Dow Jones Industrial Average added 0.2%. The S&P 500 and Nasdaq finished slightly higher on Wednesday, snapping a four-session streak of hefty losses. The U.S. stock market has had a shaky several days amid mounting investor concerns about the health of the economy and uncertainty about the potential impact of policies coming out of the Trump White House.

Shares of Nvidia (NVDA), which released its results after the closing bell yesterday, were up more than 2% in premarket trading. The company reported huge jumps in revenue and profit, which exceeded analysts’ expectations, amid booming demand for its AI chips.

Other chipmakers were gaining ground this morning. Broadcom (AVGO) rose more than 2%, while Marvell Technology (MRVL), Advanced Micro Devices (AMD) and Intel (INTC) were also solidly higher. The iShares Semiconductor index (SOXX) was up 1% ahead of the opening bell.

Large-cap technology stocks were mostly higher. EV maker Tesla (TSLA), which fell more than 4% on Wednesday to extend a recent slump, was up around 2%, while Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN) and Meta Platforms (META) also advanced. Apple (AAPL) shares were down slightly.

Shares of Salesforce (CRM) were down more than 3% after the cloud software giant reported quarterly results that missed expectations and issued a disappointing outlook. Dell Technologies (DELL) shares were up more than 2% ahead of the scheduled release of earnings after today’s closing bell.

The yield on the 10-year Treasury, which correlates with expectations about where interest rates are headed and affects borrowing costs on all sorts of loans, was at 4.28% this morning, up from 4.25% at yesterday’s close. The yield has been trading at its lowest levels of the year this week amid the concerns about the economy.

Investors are keeping close tabs on economic data as they look for information that could affect the Federal Reserve’s decision-making on interest rates. The big data point of the week comes Friday morning, when the Fed’s preferred measure of inflation is due to be released.

Bitcoin was at $86,500 in recent trading, up from an overnight low of $83,400. The digital currency has been trading at its lowest levels since November.

Gold futures were down 0.9% at $2,905 an ounce, while West Texas Intermediate crude oil futures rose 1.1% to $69.40 per barrel.