United States stock futures traded higher on Wednesday night (Thursday AEST) as investors cheered quarterly results from Nvidia.
By 9:10 am AEST (11:10 pm GMT), Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq 100 futures lifted 0.4%, 0.7%, and 1%, respectively.
Nvidia added 4.6% in extended trading after the chipmaker posted results that exceeded expectations on both revenue and earnings.
The company reported adjusted earnings per share of $0.81 on revenue of US$44.06 billion, surpassing estimates of $0.73 per share and $43.33 billion, respectively.
Salesforce shares rose 1.6% after beating first-quarter expectations and raising its full-year forecast.
The company posted adjusted earnings of $2.58 per share on revenue of $9.83 billion, ahead of the $2.55 per share and $9.75 billion expected.
Veeva Systems rallied 15.7% after issuing strong guidance for the second quarter and lifting its full-year outlook.
C3.ai gained 12.9% after its fiscal fourth-quarter loss of $0.16 per share came in narrower than the $0.20 loss expected. Revenue also topped forecasts at $108.7 million versus expectations of $107.8 million.
Agilent Technologies added 4.7% following better-than-expected fiscal second-quarter results. The scientific equipment maker posted adjusted earnings of $1.31 per share on $1.67 billion in revenue, beating estimates of $1.26 per share and $1.63 billion.
On the downside, HP tumbled 11.7% as second-quarter earnings fell short, while the company issued weaker-than-expected guidance.
SentinelOne plunged 12.3% as a weak earnings outlook disappointed investors, with second-quarter guidance of $242 million falling short of the $245 million expected.
Markets had closed lower earlier in the day. The Dow Jones Industrial Average and the S&P 500 each lost 0.6%, while the Nasdaq Composite declined 0.5%.
Despite the midweek dip, major indices remain in positive territory for the month. The S&P 500 has risen 5.7% in May, the Dow is up 3.5%, and the Nasdaq has climbed 9.5%.
Adding to the market’s rebound, President Donald Trump recently delayed the implementation of a proposed 50% tariff on the European Union from 1 June to 9 July, offering temporary relief to global trade concerns.
