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U.S. stock markets are poised for a rebound following recent losses, with chipmaker Nvidia’s results taking center stage.
Early Wednesday, Dow Jones Industrial Average futures rose 110 points (0.3%), S&P 500 futures gained 0.5% and Nasdaq 100 futures surged 0.7%. Investor focus remains on Nvidia’s forthcoming results, especially its insights into chip supply chain and availability for AI projects.
Analysts caution that disappointing outlook from Nvidia could trigger technology stock volatility and impact equity indices. Additionally, attention is drawn to retailer earnings like Kohl’s and Foot Locker, offering clues on American consumer health amid concerns raised by Macy’s and Dick’s Sporting Goods reports.
Stock markets are poised for a rebound with Nvidia’s results in focus. Positive Q2 outcomes from Nvidia are predicted to shape market sentiment, while attention also remains on retailer earnings for insights into consumer health.