Stock futures rose early Wednesday morning as the market continued to ignore geopolitical concerns ahead of Nvidia’s long-awaited earnings.
S&P 500 futures rose 0.1%, Dow Jones Industrial Average futures added 85 points to rise 0.2% and Nasdaq 100 futures rose 0.1% ahead of the move.
The Dow Jones Industrial Average extended its decline on Tuesday, falling for the fourth straight session, but the S&P 500 and Nasdaq Composite closed higher, helped by big gains in Nvidia, Tesla, Amazon and Alphabet.
All three major indexes opened lower on Tuesday after Russian President Vladimir Putin updated the country’s nuclear doctrine and lowered standards for nuclear response. The S&P 500 rebounded to a 0.4% gain, but most stocks (312) fell during the session, perhaps suggesting investors remain concerned about nuclear risks. It will be done.
Jim Reid, a strategist at Deutsche Bank, said in a note Wednesday that the NVIDIA report comes “on the heels of what could be the biggest event of the week.” It seems like they raised the price out of concern.”
The 10-year Treasury yield at one point fell more than 5 basis points to 4.34% on Tuesday as investors bought safe-haven assets such as U.S. Treasuries in response to Russia’s actions. However, the yield rose to 4.402% by the end of the day and rose again to 4.434% at the beginning of Wednesday.
