Dow Jones futures rose modestly overnight, along with S&P 500 futures and Nasdaq futures. Toll Brothers (TOL) and Urban Outfitters (URBN) reported Tuesday night, with Nvidia (NVDA) looming large.
The stock market rally attempt had a lackluster Tuesday, with the Dow turning negative and the Nasdaq slashing initial gains. The major indexes are still below key levels while breadth was poor again.
Nvidia stock reversed lower from a breakout Tuesday after Monday's powerful move.
It's hard to exaggerate the importance of Nvidia earnings with the market in an uncertain state. Not only will the Nvidia stock reaction be a big factor for techs and the broader market, but Nvidia earnings and guidance will be hugely important for dozens of companies, from chipmakers Broadcom (AVGO) and Marvell Technology (MRVL) to software makers like ServiceNow (NOW) and Adobe (ADBE), as well as megacaps such as Microsoft (MSFT), Meta Platforms (META) and Google parent Alphabet (GOOGL).
The video embedded in this article reviewed AVGO stock, ServiceNow and Baker Hughes (BKR).
Dow Jones Futures Today
Dow Jones futures were 0.25% above fair value. S&P 500 futures climbed 0.3% and Nasdaq 100 futures rose 0.4%.
The 10-year Treasury yield fell slightly to 4.3%.
Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
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