S&P 500 Futures Slip as Nvidia Earnings Spark Debate

CNBC reported Wednesday night that S&P 500 futures slipped 0.4% as investors picked apart Nvidia’s latest earnings report. Nasdaq 100 futures declined 0.6%, and Dow Jones Industrial Average futures shed around 144 points. The pullback came despite a strong session on Wall Street that snapped a three-day losing streak for the S&P 500.

Nvidia Clears the Bar but Markets Want More

Nvidia posted an 85% year-over-year revenue surge to $81.62 billion, topping analyst forecasts. The chipmaker also raised its quarterly cash dividend to 25 cents per share. Despite that, its shares drifted roughly 1% lower in after-hours trade. Investors have grown accustomed to the AI hardware leader clearing expectations comfortably, making each new beat harder to celebrate. The high bar the company has set for itself is now working against short-term sentiment.

Wednesday’s Rally and What Drove It

The broader market managed a solid bounce during regular trading hours. Oil prices and Treasury yields both pulled back, relieving pressure on equities. President Donald Trump’s comments that his administration was in the “final stages” of Iran negotiations also helped lift sentiment. Scott Helfstein, head of investment strategy at Global X ETFs, noted that earnings season delivered upward revisions to profit forecasts. He cautioned, though, that inflation fears and potential demand weakness remain persistent concerns for investors to work through.

After-Hours Movers: Intuit Slides, E.l.f. Climbs

Not every company impressed after the closing bell. Intuit dropped around 13% after reporting below-forecast revenue and announcing it would cut roughly 3,000 jobs, or about 17% of its workforce. On the other side, cosmetics brand E.l.f. Beauty gained approximately 4% after beating estimates on both revenue and earnings. The company also said it planned to roll back certain price increases that had been tied to tariff costs.

Asia Markets and the Road Ahead

Asia-Pacific markets opened sharply higher on Thursday, tracking Wall Street’s Wednesday gains. Japan’s Nikkei 225 surged more than 3.5% after export data beat expectations, led by semiconductor shipments. South Korea’s Kospi jumped 7%, partly lifted by a resolution to a major Samsung Electronics labor dispute involving more than 47,000 workers. SoftBank Group climbed nearly 20% on Nvidia-driven AI optimism. Back in the U.S., investors are watching Thursday’s Walmart earnings before the bell, alongside jobless claims and housing data. Workday reports after markets close.

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