U.S. stock futures pointed higher early Thursday as investors appeared to give more weight to Nvidia’s solid earnings than the threat of more tariffs.
Futures on the S&P 500 rose 0.6% ahead of the open, while Nasdaq 100 futures were up 0.7% and Dow Jones Industrial Average futures were 0.3% higher. The S&P 500 closed flat Wednesday as President Donald Trump’s latest tariffs threat cut short an earlier rally–the Nasdaq Composite rose 0.3% and the Dow fell 0.4%. Trump said he will soon be announcing 25% levies on the European Union.
But the market has long been skeptical about Trump’s comments, making it easier for investors to focus their attention elsewhere.
Nvidia’s hotly anticipated earnings provided a more tangible catalyst for the market to digest. After the recent unwinding of the artificial-intelligence trade, the chip maker’s strong earnings and solid guidance raise looks to be a source of relief–things could have…
