Stocks were mixed to start the day, with the Nasdaq and S&P 500 futures fluctuating near the flatline while the Dow and Russell 2000 climbed. A strong bid to cover was noted in the 2-Year T-Note auction, setting the yield at 3.641%. Gold and
Silver futures were lower, while WTI Crude Oil futures were up. All attention turned to NVIDIAs earnings report, which will test the broader tech-led market rally. The company crossed a $4 trillion market cap and accounts for a significant portion of the S&P 500 and Nasdaq-100. Traders are anticipating the release as concerns over tech sector valuations grow. Looking ahead, a 10-Year Treasury Note auction, the first revision of the U.S. second-quarter GDP, and a slew of earnings reports from major companies are on the horizon.
Learn More:
https://www.cmegroup.com/activetrader.html
#nvidiaearnings #marketanalysis #futures
Silver futures were lower, while WTI Crude Oil futures were up. All attention turned to NVIDIAs earnings report, which will test the broader tech-led market rally. The company crossed a $4 trillion market cap and accounts for a significant portion of the S&P 500 and Nasdaq-100. Traders are anticipating the release as concerns over tech sector valuations grow. Looking ahead, a 10-Year Treasury Note auction, the first revision of the U.S. second-quarter GDP, and a slew of earnings reports from major companies are on the horizon.
Learn More:
https://www.cmegroup.com/activetrader.html
#nvidiaearnings #marketanalysis #futures