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Live Updates on Today’s Stock Market

Stock market today: Live updates

Stock market today: Live updates

Nvidia’s Q2 revenue guidance has sent S&P 500 and Nasdaq-100 futures skyrocketing, while Dow Jones Industrial Average futures remain in the red after Fitch Ratings placed the US’ AAA rating on a negative rating watch. Nvidia shares rose by 24% during premarket trading after the AI tech firm’s Q1 report showed stronger-than-expected revenue guidance. In contrast, Snowflake shares fell by 13% after the cloud computing firm reported weaker-than-expected product revenue guidance for Q2. Earlier this week, the major averages struggled to stay in the green as debt ceiling negotiations posed a threat. Retailers Best Buy, Dollar Tree, and Ralph Lauren will report their Q1 earnings before trading opens today. A second reading of first-quarter GDP and weekly jobless claims data will also be released today.

FAQs

What caused S&P 500 and Nasdaq-100 futures to rise?

The strong Q2 revenue guidance from Nvidia caused S&P 500 and Nasdaq-100 futures to surge.

Why did Dow Jones Industrial Average futures remain in the red?

Dow Jones Industrial Average futures remained in the red after Fitch Ratings placed the US’ AAA rating on a negative rating watch.

Why did Snowflake shares fall?

Snowflake shares fell by 13% due to weaker-than-expected product revenue guidance for Q2.

Which retailers will report their Q1 earnings today?

Best Buy, Dollar Tree, and Ralph Lauren will report their Q1 earnings before trading opens today.

What economic data will be released today?

A second reading of first-quarter GDP, weekly jobless claims data, and April pending home sales data will be released today.

Stock market today: Live updates
Stock market today: Live updates

Live Updates: The Stock Market Today

Investors reacted positively to the quarterly results released by Nvidia, resulting in a jump in futures tied to the Nasdaq-100 and S&P 500, while Dow Jones Industrial Average futures slipped. In the premarket trading, shares of Nvidia surged by 24%, thanks to stronger-than-expected revenue guidance for its fiscal Q2. Analysts covering the stock also hiked their price targets due to the excellent Q1 results. Cloud computing firm Snowflake’s product revenue guidance for the fiscal Q2 was lower-than-expected, leading to a 13% drop in its shares. Fitch Ratings also placed the United States’ AAA rating on a negative watch over the ongoing debt ceiling negotiations. Retailers Best Buy, Dollar Tree, and Ralph Lauren will release their corporate earnings on Thursday before the opening bell and gross domestic product readings, weekly jobless claims data, and April pending home sales data are also expected.

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