U.S. stock futures jump early Thursday as sparking Nvidia results boost risk appetite.
How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA rose 184 points, or 0.54%, to 34473, the S&P 500 SPX increased 48 points, or 1.1%, to 4436, and the Nasdaq Composite COMP gained 215 points, or 1.59%, to 13721.
“The market expectations were sky-high, the results went to the moon,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. “The Nvidia news has [had] a boosting effect on technology stocks…by confirming that all the talk around the AI-craze was not empty, after all.” Shares of Palantir Technologies PLTR, +4.29%, Advanced Micro Devices AMD, +3.57% and OpenAI investor Microsoft MSFT, +1.41% rose in premarket action.
“The rally in U.S. stocks and the retreat of Treasury yields followed underwhelming economic reports as the market fell back into the ‘bad news is a good’ mode,” said Stephen Innes, managing partner at SPI Asset Management.
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