US futures attached to the major gauges saw modest gains on Thursday as investors processed Nvidia’s latest earnings report.
Futures linked to the S&P 500 (ES=F) crept up 0.4%, Nasdaq 100 (NQ=F) futures advanced 0.4%, and Dow Jones (YM=F) futures inched up 0.2%.
CME – Delayed Quote • USD
As of 6:54:31 AM EST. Market Open.
Nvidia’s (NVDA) eagerly awaited earnings report led to a 4% pop in the company’s stock before shares flatlined after the bell. The company beat Wall Street’s expectations, issued upbeat guidance for the next quarter, and demonstrated robust sales of its new-age Blackwell chips.
Bitcoin (BTC-USD) continued to pull back from its post-election peaks as investors become wary of risky assets. The cryptocurrency fell more than 4%, dropping below $85,000 and hitting its lowest point since November.
On Thursday, traders are set to focus on the next release of US GDP and the Labor Department’s weekly jobless claims.
Earnings set for Thursday include reports from Dell (DELL) and Warner Bro’s Discovery (WBD).
Wall Street is also bracing for Friday’s release of the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, as the central bank’s path to interest rate cuts has become increasingly uncertain.
LIVE 6 updates
Good morning. Here’s what’s happening today.
Moderna stock falls as Trump team weighs pulling bird flu vaccine contract
Shares in healthcare giant Moderna (MRNA) pulled back in premarket trading early Thursday on the heels of a report that HHS is reviewing its contract to produce bird flu shots.
The potential withdrawal would come after HHS head Robert F. Kennedy Jr. spoke out against COVID shots and as President Trump’s administration hunts for cost cuts.
Bloomberg reports:
Read more here.
Oil prices rose slightly from two-month lows, the move sparked by President Donald Trump’s announcement that oil giant Chevron’s license to operate in Venezuela would be reversed. The reversal could restrict crude supply.
Brent crude (BZ=F) oil futures crept up 0.3%, while West Texas Intermediate (CL=F) crude oil futures inched up 0.2%.
Bloomberg reports:
Asian markets slide on tariff announcements
Asian equities fell on Thursday as investors digested the latest tariff announcements from President Donald Trump, while earnings from Nvidia (NVDA) failed to meet the market’s high expectations.
Bloomberg reports:
Trending tickers from after-hours trading Wednesday
Snowflake (SNOW)
Snowflake shares jumped 9% as the AI software analyst beat revenue expectations for the fiscal year. Fourth-quarter product revenue increased 28% to $943.3 million due to increased customer growth. Snowflake reported 580 customers spending over $1 million against 542 last quarter.
Salesforce (CRM)
Shares of Salesforce dropped 5% in after-hours trading on Wednesday following a weaker-than-expected earnings per share forecast for 2025. This comes after the stock had gained 16% in the six months leading up to the earnings report. Salesforce CEO Marc Benioff said, “We’ll have a great year”, in response to missing guidance.
eBay (EBAY)
eBay plummeted over 8% after the e-commerce giant provided a weaker-than-expected outlook for the coming quarter. It forecasted first quarter revenue to fall between $2.52 billion and $2.56 billion, missing analysts’ estimate of $2.59 billion.
Gold holds near record high as tariff insecurity pushes safe assets
Gold (GC=F) stayed close to its record high after finishing mostly flat in the previous session. Investors continue to exercise caution spurred by President Donald Trump’s recent comments about his intentions to implement new tariffs.
Bloomberg reports:
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