Stock futures remained mostly unchanged as investors awaited Nvidia"s quarterly earnings report, with Dow futures up 56 points and Nasdaq 100 futures slightly higher. Nvidia shares rose nearly 5% in anticipation of strong demand for its Blackwell AI chips, which could influence market trends for the S&P 500 and Nasdaq Composite. Additionally, Comcast plans to spin off its cable networks, including MSNBC and CNBC, with the separation expected to take about a year.
U.S. equity futures rose as investors anticipated earnings from major tech companies, boosting the Nasdaq Composite to new heights. A decline in oil prices and a stabilizing geopolitical situation contributed to positive market sentiment. This week marks a busy earnings season, with key reports from Alphabet, Microsoft, Meta, Amazon, and Apple, alongside important economic data releases.
Stock futures showed little movement after the S&P 500 ended a three-day losing streak, with futures for the index and Nasdaq 100 both up less than 0.1%. L3Harris shares surged over 4% following strong earnings, while Dexcom fell despite beating expectations. The Dow lagged, dropping over 140 points, primarily due to declines in IBM and Boeing, as all major indexes are set to end the week with losses, breaking six-week win streaks. Investors are awaiting earnings reports and economic data releases on consumer sentiment and durable goods.
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