United States futures contracts were mixed on Wednesday night (Thursday AEDT) as investors assessed Nvidia’s latest results amid a fresh wave of quarterly earnings.
By 11:10 am AEDT (12:10 am GMT) Dow Jones Industrial Average futures slipped 0.2% while S&P 500 futures and Nasdaq 100 futures added 0.1%.
In extended deals, Nvidia eased 0.5% following a fourth-quarter earnings beat. The chipmaker exceeded expectations for both earnings per share and revenue, while issuing strong first-quarter revenue guidance of US$43 billion.
Salesforce fell 5.3% after issuing weaker-than-expected full-year revenue guidance.
eBay dropped 8.9% despite a solid fourth quarter, with revenue guidance for Q1 2025 falling short of expectations.
Snowflake surged 10.7% after reporting better-than-expected fourth-quarter earnings, with revenue rising 27% year-over-year to $986.8 million.
Markets remained cautious amid renewed trade concerns. President Donald Trump reaffirmed plans to implement tariffs on Canada and Mexico, while also announcing a 25% tariff on European Union goods.
Earlier on Wednesday, the S&P 500 ended its four-day losing streak with a marginal 0.01% gain, closing at 5,956.1. The Nasdaq Composite rose 0.3% to 19,075.3, while the Dow Jones fell 188 points, or 0.4%, to 43,433.1.
Investors continue to monitor economic data, with Thursday’s weekly jobless claims report and Friday’s personal consumption expenditures (PCE) price index release, a key inflation gauge watched by the Federal Reserve.
On the earnings front, Warner Bros. Discovery and Dell Technologies are set to report their latest quarterly results on Thursday.
