Updated 44 min ago
Stock Futures Rebounding Ahead of Crunch Nvidia Earnings
U.S. stock futures climbed early Wednesday as the market looked to recover ahead of a potentially crucial earnings report from Nvidia after the close.
Technology stocks, and artificial-intelligence names in particular, have been under pressure recently as investors have become increasingly nervous about the sector’s high valuations. The tech-heavy Nasdaq Composite index fell 1.4% Tuesday–its fourth consecutive daily loss, declining 5.1% over the period.
There were early signs that its losing streak could be snapped Wednesday, though, as Nasdaq futures pointed 0.8% higher ahead of the open. The S&P 500 was also set for a rebound after a 0.5% drop in the previous session–futures tracking the index were up 0.5%. It’s worth noting, though, that more S&P 500 stocks rose than fell–297 to 206.
