United States futures advanced on Tuesday night (Wednesday AEDT), with investors closely watching Nvidia’s upcoming earnings, set to be released after Wednesday’s closing bell, as a potential catalyst for market direction.
By 10:20 am AEDT (11:20 pm GMT) Dow Jones Industrial Average futures and S&P 500 futures rose 0.2% apiece, while Nasdaq-100 futures added nearly 0.3%.
Market sentiment remains fragile after a weaker-than-expected consumer confidence reading from the Conference Board on Tuesday.
Several companies saw significant moves in after-hours trading. Freeport-McMoran jumped 4.5% after President Trump launched a commerce probe that could lead to copper tariffs.
First Solar gained 1.7% after reporting an increase of US$6 million in net sales from the prior quarter. despite issuing lackluster full-year guidance.
Zeta Global Holdings dropped 11.4% after issuing mixed guidance, with first-quarter sales projected below consensus estimates.
Intuit jumped 5.5% after reporting strong second-quarter earnings, with revenue climbing 17% to $4.0 billion.
Super Micro Computer rallied 23.7% after filing regulatory forms with the SEC.
Workday gained 10.5% following stronger-than-expected fourth-quarter results, posting adjusted earnings of $1.92 per share on revenue of $2.21 billion.
Nvidia’s earnings report is expected to be a key focus for markets. The chipmaker is facing increased scrutiny, with investors questioning the sustainability of AI-driven stock gains following the rise of DeepSeek and signs of slowing momentum in high-growth tech names. Nvidia shares have already dropped more than 5% so far in 2025.
Beyond Nvidia, other notable earnings reports due Wednesday include Lowe’s, TJX, and Salesforce.
Investors are also monitoring upcoming economic data, including new home sales and building permits, as well as the release of the personal consumption expenditures (PCE) price index on Friday, which serves as the Federal Reserve’s preferred inflation gauge.
