Global Markets:
● Asian Stock Markets : Nikkei down 0.14%, Shanghai Composite up 0.13% Hang Seng down 0.25% ASX down 0.98%
● Commodities : Gold at $4,662.04 (0.20%) Silver at $68.385 (0.90%), Brent Oil at 85.87 (-1.24%), WTI Oil at 81.16 (-1.29%)
● Rates : US 10-year yield at 4.651, UK 10-year yield at 5.0136, Germany 10-year yield at 3.2300
News & Data:
● (USD) Core PCE Price Index m/m 0.2% to 0.2% expected
● (USD) Crude Oil Inventories 0.1M to 0.2M expected
Markets Update:
Stock futures rose early Thursday as investors assessed fresh earnings from Nvidia and other major technology companies, while attention turned toward the Federal Reserve’s annual symposium in Jackson Hole.
Dow Jones Industrial Average futures gained 183 points, or 0.3%. S&P 500 futures advanced 0.5%, while Nasdaq 100 futures jumped 0.8%.
Asian markets were mixed. Japan’s Nikkei 225 rose 0.32% and the Topix gained 0.27%. South Korea’s Kospi climbed 1.83%, while the Kosdaq added 1.15%. Australia’s S&P/ASX 200 fell 0.93%.
Nvidia shares climbed more than 4% after the chipmaker beat analyst expectations and projected strong revenue growth. Fiscal second-quarter revenue more than doubled from a year earlier and exceeded forecasts by the largest margin in two years.
The results could help Nvidia break a recent pattern of falling after earnings despite delivering stronger-than-expected results. Shares declined more than 1% Wednesday, marking the stock’s eighth losing session in the past nine.
Salesforce surged 13% after reporting second-quarter revenue above Wall Street estimates, while Okta jumped more than 20% after exceeding expectations and highlighting strong demand linked to agentic AI.
The major indexes ended Wednesday little changed. Investors are now focused on the Jackson Hole symposium, which begins Thursday, along with upcoming corporate earnings.
Best Buy reports before the opening bell, while Workday, Affirm and Gap are scheduled to report after the close.
Upcoming Events:
● 12:30 PM GMT – USD Unemployment Claims
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