Dow Futures Edge Higher Ahead of Nvidia Earnings; Wall Street Looks to Break 4-Day Slide
U.S. stock futures rise ahead of Nvidia’s earnings as Wall Street looks to break a four-day losing streak. Retail earnings, crypto moves, and major investor exits from Nvidia also shape today’s market outlook.
“Traders work on the floor of the New York Stock Exchange as markets edge higher ahead of Nvidia’s closely watched earnings report.”
On Wednesday, U. S. stock futures made a small gain as the investors were looking forward to Nvidia’s extremely expected quarterly report, betting on the performance of the AI giant to assist in the stabilization of tech stocks after the latter had faced some days of declines.
The rise in futures associated with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average was 0.3%, 0.2%, and 0.1%, respectively. This small increase comes right after the Dow and S&P 500 experienced four consecutive days of losses, and the Nasdaq recorded a second day of decline due to growing concerns about excessively high AI valuations.
Investors Brace for Nvidia Results
All eyes are on Nvidia (NVDA), the world’s most valuable publicly traded company, which will report third-quarter earnings after the bell. Nvidia shares—down nearly 12% from their late-October peak—were up 1.5% in premarket trading.
Microsoft slipped 0.3% in early trade after a ratings downgrade compounded a 2.7% drop Tuesday, while Amazon gained 0.3% after suffering a sharp sell-off.
Market attention is also fixed on Thursday’s delayed U.S. jobs report for September, postponed due to the 43-day government shutdown.
Retail Earnings Move Stocks
Lowe’s surged 6.5% after beating third-quarter profit estimates and raising its full-year outlook—one day after Home Depot tumbled 6% on disappointing numbers.
Target dropped 3% after weak sales and a lowered profit forecast, while TJX rose 3% on strong results and an upgraded 2026 outlook.
Walmart is scheduled to report early Thursday.
- Other Market Moves
- Bitcoin traded near $91,600 after briefly dipping below $90,000 for a second day.
- The 10-year Treasury yield hovered around 4.11%.
- The U.S. dollar index ticked up to 99.70.
- WTI crude fell 2.4% to $59.30, while gold climbed over 1% to $4,120 per ounce.
La-Z-Boy Shares Soar on Surprise Sales Growth
La-Z-Boy surged 11% in premarket trading after reporting a slight year-over-year sales increase in its fiscal second quarter—outperforming analyst expectations during what the company called a “choppy” retail environment.
The furniture maker posted $522.5 million in revenue, beating forecasts that projected a decline. Adjusted earnings per share came in at $0.71, well above estimates.
CEO Melinda Whittington said the company is restructuring to boost efficiency, including exiting non-core businesses and closing a U.K. facility.
Peter Thiel’s Hedge Fund Dumps Nvidia Stake Before Earnings
Peter Thiel’s hedge fund, Thiel Macro, revealed it sold its entire Nvidia position in the third quarter—roughly 537,742 shares, valued at around $100 million at September’s end.
Thiel follows other major investors, including SoftBank and Michael Burry’s Scion Asset Management, who have either exited or bet against Nvidia in recent months.
The moves come as analysts debate whether the rapid rise of AI valuations reflects structural growth—or a developing bubble.
