Nasdaq Futures Updates

Nasdaq futures exhibited minimal movement on Thursday following a two-day rally in major equity indexes, while Nvidia’s shares edged up slightly after the AI chip leader reported quarterly results that surpassed analysts’ expectations. Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 remained largely unchanged in recent trading activity. Yesterday, the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow recorded increases of 1.3%, 0.8%, and 0.6%, respectively, marking their second consecutive session of gains following a decline on Monday attributed to concerns over tariffs and disruptions related to artificial intelligence.

Following the market close on Wednesday, Nvidia’s earnings report significantly exceeded projections, with CEO Jensen Huang noting that customers are “racing to invest in AI.” Equities experienced an increase exceeding 1% prior to the market opening. Shares of Salesforce were down nearly 3% in premarket trading after the software company issued a full-year revenue projection that came up short of analysts’ expectations, following its results reported after markets closed yesterday. In other post-earnings movements, shares of IonQ surged 13%, J.M. Smucker increased by 6.5%, C3.ai declined by 25%, and The Trade Desk experienced a drop of 14%. Nutanix stock soared 21% after the cloud-computing firm announced a partnership with Advanced Micro Devices to develop an AI infrastructure platform. AMD shares experienced a decline of less than 1%.

Paramount Skydance stock advanced 1.5% while the company it is trying to acquire, Warner Bros. Discovery, was little changed after it reported results. Netflix, which is attempting to buy certain assets from WBD, was up 1% as Politico reported that CEO Ted Sarandos was to visit the White House to discuss its potential acquisition. Bitcoin, which experienced a notable increase yesterday, was recently trading at approximately $68,300, a decline from overnight peaks near $69,900. The 10-year Treasury yield, a key determinant of interest rates across various consumer loans such as mortgages, remained relatively stable from Wednesday’s closing level of approximately 4.05%.

Gold futures experienced a decline of 0.7%, settling below $5,200 per ounce, whereas silver futures saw a more significant drop of 5%, reaching $86.30 per ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, experienced a decline of 2%, trading at approximately $64 per barrel. The U.S. dollar index, which measures the value of the greenback relative to a selection of currencies, remained relatively stable at 97.70.