Wall Street futures pointed slightly lower pre-bell Thursday after AI and chipmaking colossus Nvidia (NVDA) late Wednesday reported earnings and outlooks that underwhelmed traders.
Nvidia, which touts the highest market cap of all listed companies and is considered a bellwether issue, traded down 3% in early morning hours.
In the futures, the S&P 500 was flat, the Nasdaq declined 0.1% and the Dow Jones was up 0.2%.
In other earnings news, Snowflake (SNOW) traded up 22% pre-bell after the cloud-based storage outfit reported better-than-expected Q3 results and upbeat guidance, late Wednesday.
Asian exchanges traded mostly lower overnight, while European bourses tracked moderately south midday on the continent.
PDD (PDD), Deere (DE) and Warner Music Group (WMG) plan to report earnings pre-bell, among others.
On the economic calendar at 8:30 am ET is the weekly jobless claims bulletin, along with the Philadelphia Fed Manufacturing Index for November.
The existing home sales report for October, the Conference Board leading indicators for October, and the Q3 services survey, post at 10 am.
The weekly EIA natural gas report posts at 10:30 am, followed by the Kansas City Fed Manufacturing Index at 11 am.
Federal Reserve Cleveland President Beth Hammack speaks at 8:45 am and 12;30 pm, Chicago President Austan Goolsbee at 12:25 pm, Kansas City President Jeffrey Schmid at 12:30 pm, and Vice Chair Michael Barr speaks
at 4:40 pm.
In pre-market action, Bitcoin traded at $97,534, West Texas Intermediate crude oil traded higher at $69.77, and 10-year US Treasuries offered 4.39%. Spot gold traded for $2,668 an ounce.
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