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Stock futures rose Thursday as Nvidia shares advanced following better-than-expected quarterly results.
Futures for the Dow Jones Industrials hiked 111 points, or 0.3%, to 43,613
Futures for the S&P 500 index retreated 37.75 points, or 0.6%, to 6,008.50.
Futures for the tech-heavy NASDAQ sprinted 179.50 points, or 0.9%, to 21,366.30.
Nvidia rose 1.8% after the chip giant exceeded fourth-quarter estimates on the top and bottom lines. The company issued strong guidance, reflecting continued demand driven by the artificial intelligence race.
Other tech shares also rose on Thursday. Broadcom and Tesla climbed around 2.3%. each.
On Wednesday, stocks came off the session’s highs as investors grew concerned about President Donald Trump’s trade policies. At his first cabinet meeting, he said that duties against Canada and Mexico would take effect and that his trade war will include a 25% tariff on goods from the European Union.
Traders will have an eye on Thursday’s weekly jobless claims, but they’re looking ahead to Friday’s personal consumption expenditures price index — the Federal Reserve’s preferred inflation gauge.
In Japan, the Nikkei 225 added 0.3%, while in Hong Kong, the Hang Seng fell 0.3%.
Oil prices grabbed 82 cents to $69.44 U.S. a barrel.
Gold prices slid $29.80 to $2,900.80 U.S. an ounce.
