Stock Rally Stalls with Nvidia Results Watched as Next Catalyst
U.S. stocks were headed for slight losses early on Wednesday after strong gains the previous day over easing trade tensions with the European Union. Earnings from chip maker Nvidia after the market close are set to take the spotlight.
Dow Jones Industrial Average futures were down 42 points, or 0.1%. S&P 500 futures were dropping 0.1% and Nasdaq 100 futures were falling 0.1%.
The major indexes look to be headed for a holding pattern after surging on Tuesday in reaction to Trump delaying threatened tariffs on the European Union. A further boost to sentiment came with data showing consumer confidence rebounded in May following five straight months of declines as a series of new tariff deals improved Americans’ views on the economy.