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Traders Digest Nvidia Earnings, Forecast as US Equity Futures Tread Water Pre-Bell
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Traders Digest Nvidia Earnings, Forecast as US Equity Futures Tread Water Pre-Bell
Nov 21, 2024 6:34 PM

08:13 AM EST, 11/21/2024 (MT Newswires) -- US equity futures were little changed Thursday as traders digested earnings and guidance from artificial intelligence chipmaker Nvidia ( NVDA ) .

Dow Jones Industrial Average futures rose 0.3%, S&P 500 futures gained 0.2%, while Nasdaq futures flatlined.

Nvidia ( NVDA ) reported late Wednesday fiscal Q3 results that topped analysts' estimates, but its fiscal Q4 revenue guidance underwhelmed investors at $37.5 billion, plus or minus 2%, which straddles the $37.09 billion estimate from analysts surveyed by FactSet.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.9% at $74.17 per barrel and US West Texas Intermediate crude 2% higher at $70.14 per barrel.

New unemployment claims, scheduled for release at 8:30 am ET, are seen rising to 220,000 in the week ended Nov. 16 from 217,000 in the preceding week. Forecasters see the Philadelphia Fed Manufacturing Index coming in at 6.3 in November versus October's 10.3, according to estimates compiled by Bloomberg.

Existing Home Sales, due at 10 am ET, are seen coming in little changed at a 3.94 million unit annual rate in October after September's 3.84 million level.

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