Stock Futures, Trump and Dow Jones
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Investor's Business Daily on MSNDow Jones Futures: Nvidia Hits $4 Trillion Market Cap; AI Plays Rubrik, Astera Labs Flash Buy SignalsNvidia stock briefly topped a $4 trillion market cap with Nvidia chipmaker Taiwan Semi on tap. AI plays Astera Labs and Rubrik flashed buy signals.
Stock futures were relatively unchanged on Wednesday evening after the S&P 500 recouped some of its losses from this week's tariff-fueled slide. S&P 500 futures traded just above the flatline, along with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were also flat.
Wednesday was a choppy affair for the Dow Jones. Ongoing tech rallies and recovering investor sentiment briefly bolstered the major equity index into intraday highs near 44,560 before fresh tariff threats sent the Dow Jones into lows near 44,240. Despite intraday volatility, the Dow is trading on the high end of the day’s opening bids near 44,200.
S&P 500 futures are up just 0.01%. Dow Jones Industrial Average futures are adding 0.1%. Nasdaq 100 futures are gaining just 0.02%. On Tuesday, the Dow Jones Industrial Average fell 166 points, or 0.37%,
What level of tariffs will the U.S. impose on imports and when? Stock futures were falling early Monday as markets were roiled by threats of new levies but also confusion over the deadline for the proposed duties.
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Wall Street is coming off a holiday-shortened week during which the S&P 500 and Nasdaq Composite posted fresh all-time highs.
Stocks turned in a mixed performance on Tuesday, with major indexes wavering between slight gains and losses for much of the session, as investors assessed the latest developments on the global trade front.
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While markets expected an extension ahead of the July 9 end to the tariff reprieve, administration officials signaled there will be just a few weeks' worth.
U.S. stocks closed higher even though Federal Reserve meeting minutes show no hurry to cut rates and Amazon's Prime Day falls short.