November 21, 2024November 21, 2024

Stock Futures Falling, Led Lower By Tech After Nvidia Fails to Meet High Bar

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Stock futures pointed lower early Thursday, led by technology stocks after Nvidia’s earnings report left investors disappointed.

Futures on the tech-heavy Nasdaq 100 were 0.6% down, S&P 500 futures fell 0.5% and Dow Jones Industrial Average futures slipped 0.3%. There was a lack of direction Wednesday in anticipation of the chip maker’s earnings–the Dow eked out gains Wednesday, while the S&P 500 was flat and the Nasdaq Composite closed 0.1% down.

Nvidia’s earnings have become a key event for markets, and Wednesday’s report was no different. The company beat expectations in its fiscal third quarter, and its outlook for the January quarter also topped estimates.

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