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S&P 500 futures were marginally higher Wednesday as investors waited for Nvidia’s quarterly earnings announcement.
Futures for the Dow Jones Industrials parted with five points to 41,351.
Futures for the broader index dipped 0.25 points at 5,644.50.
Futures for the NASDAQ subtracted 3.5 points to 19,650.25.
Focal points for investors include the delivery schedule for Nvidia’s Blackwell chips and an update on the demand for AI.
One fund manager noted that other AI stocks are trading around 10% below their all-time highs. Nvidia’s current valuation is not expensive relative to the five-year average.
Nordstrom advanced 7% after the retailer posted adjusted earnings in the second quarter that surpassed expectations. Semiconductor developer Ambarella jumped nearly 20% on upbeat revenue guidance in the third quarter. PVH, owner of Calvin Klein, slumped more than 7% on a disappointing outlook for the current quarter.
In Japan, the Nikkei 225 gained 0.2% Wednesday, while in Hong Kong, the Hang Seng index capsized 1%.
Oil prices slid $1.50 to $74.03 U.S. a barrel.
Gold prices dropped 14 dollars to $2,538.90.
