economy
S&P 500 futures edge lower as traders analyze Nvidia earnings: Live updates
The S&P 500 ended a three-day losing streak on Wednesday.
TL;DR
- S&P 500 futures showed slight declines as investors assessed Nvidia's earnings.
- Nvidia's earnings and guidance beat expectations, but shares showed volatility.
- Intuit's stock fell sharply after announcing revenue misses and workforce reductions.
- E.l.f. Beauty's stock rose after exceeding revenue and profit forecasts.
- Asia-Pacific markets, including Japan and South Korea, opened higher, tracking Wall Street gains and buoyed by AI optimism.
- Japan's exports rose significantly in April, driven by semiconductor shipments.
- South Korean stocks surged, with semiconductor companies like Samsung Electronics and SK Hynix seeing substantial gains.
- SpaceX has filed its IPO prospectus, indicating a potential record-setting offering.
- Investors are monitoring earnings from Walmart and Workday, along with economic data releases on jobless claims, housing, and manufacturing.