Stock futures pointed higher early Thursday as markets digested Nvidia’s earnings report, which largely left investors disappointed.
Dow Jones Industrial Average futures rose 185 points, or 0.4%. S&P 500 futures were up 0.3%, while those tied to the tech-heavy Nasdaq 100 recovering from an initial slump recovered from an initial slump to rise 0.3%. There was a lack of direction Wednesday in anticipation of the chip maker’s earnings–the Dow eked out gains in yesterday’s session, 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.