After riding high on Nvidia's blowout revenue forecast and a 10-for-one stock split in Thursday's early trade, Wall Street's main indexes turned lower after ...
- U.S. stock index futures rose on Friday, rebounding after closing lower in the previous session on signs of persistent inflation that rekindled monetary policy caution ahead of a long weekend.
"Recent comments from Fed officials, stronger-than-expected PMI data resulted in a push-back on expectations for Fed cut trajectory," OCBC strategists said in a note. Nvidia shares edged 0.5% higher premarket after jumping over 9% a day earlier to close above the key $1,000 mark and add around $218 billion to its market value.
Other megacap stocks including Apple, Alphabet and Meta Platforms were also up between 0.4% and 0.7%.At 5:33 a.m. ET, Dow e-minis were up 50 points, or 0.13%, S&P 500 e-minis were up 12.75 points, or 0.24%, and Nasdaq 100 e-minis were up 40 points, or 0.21%.Meanwhile, the U.S. Securities and Exchange Commission approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds tied to ether prices, potentially paving the way for products to begin trading later this year.
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