Nasdaq-100 Futures Jump 1% as Nvidia Earnings Lift Tech
Updated
Updated · Yahoo Finance · Aug 27
Nasdaq-100 Futures Jump 1% as Nvidia Earnings Lift Tech
3 articles · Updated · Yahoo Finance · Aug 27
Summary
Nasdaq-100 futures rose 1% and S&P 500 contracts added 0.5% on Thursday, while Dow futures hovered near flat after upbeat results from major software and chip companies.
Nvidia climbed 7% in premarket trading after beating earnings expectations and projecting strong AI demand through next year, easing fears that its rapid growth was fading.
Salesforce and CrowdStrike also helped power the tech trade, while a report that Nvidia agreed to buy Hugging Face for $12.9 billion added to the sector's momentum.
Jackson Hole is now the next test for markets, with Fed Chair Kevin Warsh due to speak Friday as investors weigh steady-rate expectations, stabilized bond yields and fresh jobless-claims data.