Stock Market Today: Nasdaq 100, Dow Jones Futures Rise Ahead Of Delayed September Jobs Report—Nvidia, Palo Alto, Super Micro Computer In Focus

Benzinga

U.S. stock futures rose on Thursday after Wednesday’s advances. Futures of major benchmark indices were higher.  Investors await September’s job report, which is scheduled to be released today after the end of the record-long government shutdown last week.  According to the FOMC minutes, released Wednesday, Federal Reserve officials appear sharply divided on the future path of interest rates. There was a split among participants following their decision to lower the federal funds target range to 3.75%–4.00%.   Nvidia Corp. (NASDAQ:NVDA) rose 5.55% in premarket on Thursday after reporting better-than-expected third-quarter financial results and issuing a strong revenue forecast for the current quarter.

Transcript

00:00all right futures bigly green here today spy futures up 1.31 percent dow futures up 0.68

00:13percent and the nasdaq leading the way higher by 0.1 or excuse me 1.78 percent of course this is

00:21all on the back of nvidia's earnings yesterday let's take a look at some cues from last session

00:27information technology communication services and material stocks led the gains on wednesday

00:34while energy and utility stocks bucked the overall market trend and closed lower u.s stock futures rose

00:41on thursday after wednesday's advances futures of major benchmark indices were higher and are

00:47holding higher here today investors await september's jobs report which is scheduled to be released today

00:52after the end of the record long government shutdown last week according to the fomc minutes which was

00:58released yesterday federal reserve officials appear sharply divided on the future path of interest rates

01:04there was a split among participants following their decision to lower the federal funds target range to

01:103.75 percent to four percent meanwhile the 10-year treasury bond yielded 4.13 percent and the two-year

01:17bond was at 3.60 percent we do have some stocks in focus here for you today the first one is going

01:24to be the obvious one the elephant in the room nvidia at rose 5.55 percent in the pre-market on

01:31thursday after reporting better than expected third quarter financial results and issuing strong revenue

01:37forecasts for the current quarter now it is worth noting here nvidia is down from today's pre-market

01:44highs those pre-market highs were about 198 and a half we're currently sitting at 196 and a quarter

01:51so we're under those highs but we are still holding higher here chart definitely looks bullish here this

01:57morning the second stock on our list is going to be cyber security leader palo alto networks ticker panw

02:04that dropped 4.15 percent despite beating estimates as its full year guidance was revised to be just in line

02:11with analyst expectations for the second quarter and forecasted revenue between 2.57 billion and 2.59

02:18billion with adjusted eps projected at 93 cents to 95 cents meanwhile the wall street consensus calls for

02:242.58 billion in revenue and earnings of 93 cents per share super micro computer ticker smci is the next

02:32stock on our list here today that gained 5.87 percent after the launch of integrated ai factory systems

02:39with nvidia's blackwell technology the next stock on our list here is going to be walmart

02:45walmart was up 0.83 percent ahead of its earnings expected to be released before the opening bell

02:52those earnings have been released now walmart closed yesterday at 161 and is currently sitting at 101 27

03:01now walmart reported adjusted eps of 62 cents which beat the 60 cent estimate and sales of 179 and a

03:10half billion beat the 177.429 billion estimate the last stock on our list here is intuit ticker intu

03:21and that was 0.37 percent higher as analysts expected it to report earnings of 3.09 per share

03:28on revenue of 3.76 billion per share after the closing bell

03:32you

Category

Transcript

Be the first to comment

Recommended