ZUO - Wall Street Braces For Subdued Start Ahead Of Nvidia Earnings Fed Minutes: Analyst Cautions About Guarding Against 'Over-Exuberance' | Benzinga
Index futures are trading uniformly lower early Wednesday after the market’s resilient upward move in the previous session. The sentiment is likely to remain guarded ahead of Nvidia Corp.’s (NASDAQ:NVDA) quarterly report due after the market opens. Traders may also pore over the May Federal Open Market Committee meeting minutes to glean cues that can clarify the near-term rate trajectory.
Futures Performance (+/-)
Nasdaq 100 +0.01%
S&P 500 -0.07%
Dow -0.08%
R2K -0.22%
In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.11% to $530.80, while the Invesco QQQ ETF (NASDAQ:QQQ) traded up 0.01% at $455.86 according to Benzinga Pro data.
Cues From Last Session
The major averages closed modestly higher on Tuesday, as traders pondered over the Fed speeches and showed caution ahead of Nvidia’s earnings. The indices opened lower but made good their losses in early trading and spent the better part of the session above the unchanged line.
The Nasdaq Composite and the S&P 500 Index ended at fresh closing records, while the Dow Jones Industrial Average closed just shy of its record under the 40,000 mark. Most sectors saw either muted gains or were flattish, while energy and industrials ended firmly in the red.
Index Performance (+/-) Value
Nasdaq Composite +0.22% 16,832.62
S&P 500 Index +0.25% ...