Stock Market Today: Dow, S&P 500 Futures Tick Up As Wall Street Awaits Nvidia Earnings— MongoDB, nCino, Snowflake In Focus

5 months ago

U.S. stock futures eked out gains on Wednesday following Monday’s advances. Futures of major benchmark indices were largely higher.

Investors await Nvidia's earnings, scheduled to be released after the closing bell today. The four-billion-dollar tech giant’s earnings will serve as a barometer for market strength and verdict of AI spending.

Transcript

00:00this is the stock market today for wednesday quick look here at the pre-market we are about

00:11flat across the board s p 500 uh futures here up by 0.06 percent the dow is up by 0.02 percent

00:19the nasdaq is up by 0.06 percent and the iwm the etf that tracks the small cap market

00:26is unchanged here this morning so we are about flat across the board now uh last session here

00:35overall the market saw a positive performance on tuesday with the majority of the sectors

00:39ending the day in the green signaling broad-based investor confidence the industrial sectors was

00:46the standout performer surging by over a percent 1.03 percent this was followed closely by the

00:51financial sector which posted a solid gain of about three quarters of a percent other sectors

00:57contributing to the positive market sentiment included health care it consumer discretionary

01:02materials and utilities however not all sectors participated in the day's gain the consumer

01:09staples sector was the biggest laggard declining by just under a half a percent other sectors that

01:15ended in negative territory were real estate communication services and energy now on the

01:21economic front while the durable goods order for in july fell by 9.3 percent the decline was

01:27smaller than the 10.4 percent drop that had been forecasted this follows a significant 16 and a half

01:34percent increase in orders back in june consumer confidence in august dipped ever so slightly as more

01:41consumers expect annual inflation to rebound um and then also um investors are going to

01:49await nvidia they are going to report their earnings today should be the biggest event of the week it's

01:55scheduled to be released after the closing bell about 4 20 eastern here today the four billion dollar

02:00tech giants earnings will serve as a barometer for market strength and a verdict of ai spending

02:06meanwhile the federal reserve governor lisa cook will be filing a lawsuit to present or to uh prevent her

02:12firing by president trump according to her lawyer also worth noting that the 10-year treasury bond yielded

02:18four point two six percent and the two-year bond was at three point six five percent for a deeper dive on

02:25any of these stories or more market insights head on over to benzinga.com

02:29you

Stock Market Today: Dow, S&P 500 Futures Tick Up As Wall Street Awaits Nvidia Earnings— MongoDB, nCino, Snowflake In Focus

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