Early on Wednesday, stock futures increased after the S&P 500 saw losses for the fourth day in a row. Investors are also anticipating Nvidia’s earnings, which are a market bellwether.
The Dow Jones Industrial Average-linked futures increased 54 points, or 0.12%. S&P 500 futures increased 0.38%, while Nasdaq-100 futures gained 0.68%.
Following a bad session, the stock market is now rebounding. The S&P 500 dropped 0.5%, and the Nasdaq Composite dropped nearly 1.4%. Both indexes saw declines for the fourth consecutive day.The 30-stock Dow was the exception, rising by about 0.4%.
Stocks were impacted Tuesday by a Conference Board consumer confidence poll that showed lower-than-expected results. Over the past week, traders’ worries about the economy have grown as a result of several recent news stories, such as low consumer mood and weak retail sales figures. As a result, the enormous averages have decreased.
Nvidia’s fourth-quarter earnings, which are expected to be announced on Wednesday after the closing bell, could be the next market driver.
The study comes at a critical time for Nvidia: Others questioned if the once-booming artificial intelligence market could last after DeepSeek’s ascent.
Also Read : Dalal Street holiday: On Maha Shivratri 2025, will the stock market be open or closed?
With Nvidia down more than 5% in 2025, the chip titan and other momentum investments are also beginning to fizzle out.
According to Aswath Damodaran, a finance professor at NYU Stern School of Business, “I think as the earnings report comes out tomorrow, my expectation is it’s going to be a lot like September,” he stated on Tuesday on “Closing Bell.”
“They will surpass analyst expectations in a rerun of [the] September [quarter], but the market will be let down because it appears that the market has higher expectations than what analysts are observing for the company,” he continued.
New home sales and building permits are among the economic figures that are coming on Wednesday. Investors’ primary focus will be Friday’s release of the personal consumption expenditures price index. The favored inflation indicator of the Federal Reserve is the PCE.