Stock Market Today: Do, S&P 500, Nasdaq Futures Gain Ahead Of NVDA's Q1 Report— CAVA, AMC Entertainment, Roblox In Focus (UPDATED)
(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.) U.S. stock futures rose on Wednesday following two consecutive days of lower closes for the S&P 500 and Nasdaq 100 indices on Tuesday. Investors are awaiting Nvidia Corp. ‘s (NASDAQ: NVDA ) first-quarter results scheduled to be released after the closing bell. Analysts are expecting NVDA to report second-quarter earnings of $1.76 per share on revenue of $79.04 billion. Additionally, the Federal Reserve will be releasing the minutes of the Fed meeting later in the afternoon. Meanwhile, the 10-year Treasury bond yielded 4.65%, and the two-year bond was at 4.10%. The CME Group's FedWatch tool ‘s projections show markets pricing a 96.7% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting. Index Performance (+/-) Dow Jones 0.08% S&P 500 0.30% Nasdaq 100 0.68% Russell 2000 0.36% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ) , which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Wednesday. The SPY was up 0.45% at $737.00, while the QQQ was higher by 0.77% to $706.92. data-variant="card" data-news-mode="manual" > Read Also: Nvidia Earnings No Longer About Beating Estimates, But About Whether Jensen Huang Can Prove AI Supercycle Still Has Years Left: Top Analyst Stocks In Focus Toll Brothers Toll Brothers Inc. (NYSE: TOL ) rose 2.30% in premarket on Wednesday after reporting upbeat earnings for the first quarter. The company posted quarterly earnings of $2.72 per share, which beat the analyst consensus estimate of $2.60 per share. Benzinga’s Edge Stock Rankings indicate that TOL maintains a weak price trend in the long, medium, and short terms, with a solid value score. Full story available on Benzinga.com
Read Full Article at Benzinga →