Stock futures rose on Tuesday evening after a fourth-straight day of losses for the S&P 500, with investors looking ahead to key earnings reports from Nvidia and other companies. The Dow Jones Industrial Average also saw gains, while the Nasdaq-100 was up slightly.
The S&P 500 tumbled 0.5% on Tuesday, followed by the Nasdaq Composite’s 1.4% drop. This marks the fourth consecutive losing day for both indexes. However, stocks are expected to bounce back as investors await Nvidia’s fourth-quarter earnings report, due out after the closing bell on Wednesday.
A weaker-than-expected consumer confidence reading from the Conference Board weighed on stock prices earlier in the day. Disappointing retail sales numbers and a weak consumer sentiment reading have fueled traders’ concerns about the economy over the past week.
Nvidia’s upcoming earnings report is seen as crucial, given its recent decline. The chip giant has lost over 5% in 2024 due to declining momentum plays like DeepSeek. Analysts expect Nvidia to beat expectations but are cautious about the market’s reaction.
Other notable earnings reports are scheduled for Wednesday, including those from Lowe’s, TJX, and Salesforce. Investors will also be watching new home sales and building permits data on Wednesday, as well as the personal consumption expenditures price index, set to release on Friday.
Additionally, Capital Economics predicts that a rally in U.S. Treasuries will lose steam due to inflationary pressures strengthening as tariffs are increased. The Federal Reserve’s inability to cut interest rates means the recent drop in 10-year note yields will eventually reverse.
In extended trading, Super Micro Computer soared after submitting its delayed financial statements ahead of a key deadline from Nasdaq. Its stock surged 22% in after-hours trading, following a 47% decline over the past year.
Source: https://www.cnbc.com/2025/02/25/stock-market-today-live-updates.html